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After gold hits a new high, 3466 gains and losses determine short-term strength and weakness, Europe and the United States pay attention to the rhythm
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: After gold hits a new high, the gains and losses determine the short-term strength and weakness, and Europe and the United States pay attention to the rhythm." Hope it will be helpful to you! The original content is as follows:
Dollar Index
In terms of the performance of the US dollar index, the US dollar index showed a downward trend on Monday. The price of the US dollar index rose to 97.849 on the day, and fell to 97.509 on the lowest, and finally closed at 97.658. Looking back at the market performance on Monday, the price fell again after a short-term fluctuation in the early trading period. The price stopped after the European session and corrected upwardly. From the final closing, the price still ended with a big negative end. In response to the recent continued fluctuation of the US index, the gains and losses of the daily and weekly resistance in the future are still the key to the US index.
From a multi-cycle analysis, the price has been consolidating up and down in the weekly level recently. Currently, the weekly resistance is in the 98 area. The gains and losses of this position determine the subsequent performance. At this point, the reason why it is still short-term under this position. From the daily level, we need to pay attention to the resistance in the 98.10 area for the time being, and the price is short below this position. From the four-hour level, the four-hour resistance is currently in the 97.75 area over time, and the price pierces upward in the short term, so there is an upward test of the daily and weekly resistance areas in the four-hour period. We are cautious in chasing short positions for the time being, and we will pay attention to the gains and losses of the daily and weekly resistance areas in the future.
The US dollar index has a long range of 97.70-80, with a defense of 5 US dollars, and a target of 98-98.10
Gold
In terms of gold, the overall price of gold showed an upward trend on Monday. The price rose to the highest level on the day and fell to the lowest level at 3489.7, closingDisk at 3476.03. In response to the price of gold still bottomed out and rebounded during the early trading session on Monday, and then it strongly broke through the previous day's high point. Due to yesterday's holiday factors, the US market still ended with a big sun. At the same time, the early trading session of Tuesday today broke through the historical high, and the subsequent gains and losses of 3466 determine whether the bulls can continue. From a multi-cycle analysis, first observe the monthly rhythm. The monthly price ended in August. Overall, the price is still running bullishly. From the long-term perspective, the 3000 position is the watershed of the long-term trend. The price can be treated more on the long-term. From the weekly level, the price has broken through key resistance after recent continuous fluctuations and has now hit a new historical high. Currently, the weekly long and short watershed is at 3370. The price is above this position and the medium line is treated more. From the daily level, we need to pay attention to the 3385 regional support for the time being, and the band above this position should be treated more often. From the four-hour perspective, we need to pay attention to the 3366 regional watershed for the time being. The price will still be treated more frequently in the short term. Only after the subsequent break of this position will it be adjusted. At the same time, from the one-hour perspective, the price maintains a strong rise. If the price wants to be strong, the early trading low of 3474 will become the key. If it does not break this position, it is more strong. Once it breaks down, you need to pay attention to whether the four-hour watershed can obtain support again. So at present, before breaking the four-hour watershed, it is still treated more often, and then turn around after breaking down.
Gold 3366-3374 is a long-shoulder watershed, and the price remains long in this area
European and the United States
European and the United States
European and the United States
European and the United States generally showed an upward trend on Monday. The price fell to 1.1684 on the day and rose to 1.1736 on the spot and closed at 1.1710 on the spot. Looking back at the performance of European and American markets on Monday, prices rose again after a short-term fluctuation in the early trading session. Prices continued to fluctuate after the European trading session and did not continue. Prices fell weakly after the US trading session. In the end, the positive line ended on the same day. For the current short-term European and American markets, we need to pay attention to the gains and losses of four-hour support. From a multi-cycle analysis, from the monthly level, Europe and the United States are supported by 1.1060, so the price is long-term bullish above this position. From the weekly level, the price is supported by the 1.1645 area, which is the long-shoulder watershed in the mid-line trend. From the daily level, the daily line is currently supported at the 1.1660 position over time. This position is a key watershed in the band trend, and the price is more treated with bands above this position. From the four-hour level, the current price is supported at 1.1690 for four hours, and the price has further pressure in the short term, so the bulls are cautious for the time being, focusing on the gains and losses of the four-hour support, and after a second rebound, they will be under pressure. The price is also under pressure on one hour, so the focus is on the gains and losses of four-hour support.
Europe and the United States fell below 1.1690 and rebounded short, with a target of 1.11.1660-1.1645
[Finance data and events that are focused today] Tuesday, September 2, 2025
①17:00 Eurozone August CPI annual rate initial value
②17:00 Eurozone August CPI monthly rate initial value
③21:45 US August S&P Global Manufacturing PMI final value
④22:00 US August ISM Manufacturing PMI
⑤22:00 US July construction Monthly Expenditure Rate
Note: The above is only personal opinion and strategy, for review and www.xmniubi.communication only, and does not give customers any investment advice. It has nothing to do with customers' investment, and it is not used as a basis for placing an order.
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