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The weekly line is big negative to break the support, and the gold and silver range is high and the sky
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Weekly line has a big negative support, and the gold and silver range is high in the sky." Hope it will be helpful to you! The original content is as follows:
Last week, the gold market opened high at the beginning of the week, and then the market rose slightly. After giving a weekly high of 3391.3, the market fluctuated strongly. By the lowest level of Friday's weekly line, the market finally closed at the 3274.3 position, and then the market closed with a large negative line with a long lower shadow line. After this pattern ended, the early opening high and then fell back to give a 3242 long stop loss of 3237. The target is 3256 and 3265 and 3274 and 3283. If the break is made, 3292 and 3300 leave the market and backhandedly leave.
The silver market opened at 35.96 last week and then rose slightly. The market fell sharply. The weekly line was at 35.96, and the market rose strongly. The weekly line reached the lowest position of 35.261, and the market rose strongly. The weekly line finally closed at 35.975, and the market closed with a long-foot cross star with an upper shadow longer than the lower shadow. After this pattern ended, the weekly line was long-stop loss of 35.15 this week, and the target was 35.8, 36 and 36.2 to leave the market and prepare to be short.
The European and American markets opened lower last week at 1.14544 after the market opened lower last weekAfter a slight retracement, the market rose strongly. The weekly line reached the highest point of 1.17541 and then the market consolidated. The weekly line finally closed at the position of 1.17185 and the market closed with a large positive line with a longer upper shadow line. After this pattern ended, the stop loss of more than 1.16950 this week was 1.16750, and the target was 1.17500 and 1.17750 and 1.18000.
The U.S. crude oil market opened higher at 78.45 last week and then rose slightly, giving a position of 78.59. The market fell strongly. The weekly line was at the lowest point of 65.08 and then the market consolidated. The weekly line finally closed at 66.03 and then closed with a large negative line with a long lower shadow line. After this pattern ended, the lower target of 66.8 short stop loss of 67.1 this week is 66.2 and 66 and 65.5 and 65. If it falls below, look at 64 and 63.
Nasdaq index market opened lower last week at 21398.21, and the market slightly fell back. After giving the position of 21385.91, the market strongly rose. The weekly line reached the highest point of 22603.91. After the market consolidated, the weekly line finally closed at 22514.76. The axis closed with a large positive line with a slightly longer upper shadow line. After this pattern ended, the stop loss of more than 22450 this week was 22380, with the target of 22600 and 22700 and 22800.
Fundamentals, major fundamental events last week frequently occurred. Federal Reserve Chairman Powell attended the semi-annual monetary policy hearing of the Senate and House of Representatives, reiterating that interest rates will not be cut rashly before economic data is clear, emphasizing that the current policy is still "relying on data" and it has not yet been decided whether to cut interest rates in July. He pointed out that the June-August data will be crucial, especially the actual impact of the tariffs on inflation. If its impact is lower than expected, it may provide room for the Fed to cut interest rates earlier. One of the reasons for maintaining interest rates is the uncertainty brought about by tariffs, and the economic fundamentals are still stable, so there is no need for an urgent interest rate cut. The current interest rate is in the "moderate restriction" range, rather than a "moderate restriction", and it is believed that the current balance sheet reduction rhythm can continue to be maintained and will not put pressure on the market, although the balance sheet size is still higher than the pre-epidemic level. The U.S. economic data has begun to show weak performance, with the final value of real GDP in the first quarter being revised down to -0.5% on an annualized basis, marking the first economic contraction in three years. The final value of personal consumption has been significantly lowered to only 0.5%, the weakest performance since the epidemic. In addition, the annual rate of the core PCE price index in the United States in May slightly exceeded expectations, reaching 2.7%, a record high since February 2025, but personal spending fell by 0.1% month-on-month, the largest drop since the beginning of the year. Data shows that the United StatesThe uncertainty of unified policies puts pressure on economic growth. Traders expect the Fed to start cutting interest rates in September, with the possibility of three cuts in 2025 increasing. There are differences within the Federal Reserve on the timing and amplitude of interest rate cuts. So last week, the US index market fell, and with the mediation of the United States and Qatar, Iran and Israel reached a ceasefire agreement this week, ending the fierce conflict that lasted 12 days. The EU-US trade negotiations have entered the final countdown. If the two sides fail to reach an agreement before July 9, the EU's tariffs on almost all goods exported by the United States will be significantly raised to 50%. European www.xmh100.commission President von der Leyen said that the EU has prepared for all possible outcomes, including the breakdown of the negotiations, and is currently evaluating the latest US tariff proposal and emphasizing that "all options are under consideration." The fundamentals of this week enter a new month, focusing mainly on the US June Chicago PMI at 21:45 on Monday. Then look at the US Dallas Fed Business Activity Index in June at 22:30. On Tuesday, we will pay attention to the initial value of the Eurozone June CPI annual rate at 17:00. Then look at the final value of the US S&P Global Manufacturing PMI in June at 21:45. Look at the 22:00 US June ISM Manufacturing PMI and US May JOLTs job openings and US May construction expenditure monthly rates. We focused on the number of U.S. ADP employment in June at 20:15 on Wednesday, and later on, the EIA crude oil inventories from the 22:30 on the week of June 27 and the EIA crude oil inventories from the week of June 27 to the week of June 27 and the EIA strategic oil reserve inventories from the week of June 27. Since Friday is the U.S. Independence Day, important fundamentals in the market have been transferred to Thursday. The main focus is on the unemployment rate in June of the United States, which is 20:30, the U.S. seasonally adjusted non-farm employment population in June and the U.S. initial unemployment claims for the week to June 28. This round is expected to be 4.2% and 129,000. Look at the final value of the US S&P Global Services PMI in June at 21:45 later. Then look at the US June ISM non-manufacturing PMI and US May factory order monthly rates at 22:00.
In terms of operation, gold: after opening high in the morning, it first falls back, and gives 3242 long stop loss 3237, the target is 3256 and 3265 and 3274 and 3283, and if it breaks, it looks like 3292 and 3300 leaving the market and backhanded.
Silver: 35.35 long stop loss this week at 35.15, with a target of 35.8 and 36.2 leaving the market.
Europe and the United States: 1.16950 more than 1.16750, the target is 1.17500 and 1.17750 and 1.18000.
U.S. crude oil: 66.8 short stop loss this week 67.1, the target is 66.2 and 66 and 65.5 and 65. If it falls below, it looks 64 and 63.
Nasdaq: 22450 more than 22380, the target is 22600 and 22700 and 22800.
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