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Gold's four-hour resistance does not break through and bearish, followed by the European and American ranges
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Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: The four-hour resistance of gold does not break through and is short, and follow after the European and American range breaks." 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 an upward trend on Tuesday. The price of the US dollar index rose to 98.599 on the day, and fell to 97.868 at the lowest point, and finally closed at 98.032. Looking back at the market performance on Tuesday, the price fluctuated first in the early trading period. Since the overall price did not break through the weekly and daily resistance areas, the US market was affected by data and finally closed with a big negative end. We will pay attention to the gains and losses of the support area of the lower edge of the recent upward trend line.
From a multi-cycle analysis, the price breaks through the weekly resistance last week, and then breaks the weekly support again last week. Recently, the price consolidates up and down on the weekly support. This week, the key is to focus on whether the 98.50 position can stand firm. At the daily level, after falling below the daily support last Wednesday, the price is currently suppressed at the daily resistance level of 98.60. It was under pressure and fell again yesterday. The current band market is bearish, but overall we need to pay attention to the gains and losses of the trend line support. From the four-hour perspective, the four-hour trend is the key to our emphasis on short-term price trends. Yesterday, the price fell below the four-hour support position again, but the overall four-hour price tends to fluctuate. The four-hour resistance is currently at 98.25. Do not chase short at all for the time being. Pay attention to the recent lows and trend line support areas in the future. The price on the hourly price is currently focused on the trend line support range 97.70-80, and the gains and losses of 98.25 above. Then look at the daily and weekly resistance after the subsequent breakthrough.
US Finger 9The 7.70-80 range is long, with a defense of US$5, and a target of 98.25-98.50-98.80
Gold
In terms of gold, the gold price overall showed a fluctuation on Tuesday. The price rose to the highest point of 3358.97 on the day, and fell to the lowest point of 3330.95 on the spot, closing at 3347.97 on the spot. In response to the early trading of gold on Tuesday, and then under pressure at the high point of the retreat in the early morning of the previous day, the U.S. price was significantly revised up and down after the session, but the overall price was still suppressed at the four-hour resistance position. As long as the price does not break through the four-hour resistance, it is still bearish.
From multi-cycle analysis, first observe the monthly line rhythm. The price runs at the rhythm in May as the author said, and the final cross state. The final price in June is still in an anti-K state. For the current situation, we need to pay attention to the gains and losses of the monthly line high and low points. From the weekly level, prices on the weekly line have continued to fluctuate at high levels recently. As time goes by, the weekly watershed is temporarily at 3337. This week, we focus on the gains and losses of this position. According to the daily level, the price rose directly last week based on the daily support, but this week the price tested again and pierced the daily support. Currently, it fluctuated in this area, and the overall daily line showed further pressure. From the four-hour level, the price is currently suppressed in the range of 3355-3356, and 3360-65 above is also a key resistance, so it is still relatively short for the time being. After yesterday's fluctuation correction, the price is currently paying attention to yesterday's highs. Therefore, the overall price does not exceed 3365 for the time being treated as short-term. Pay attention to the 3330-3320-3300 area below.
Gold 3355-3356 is short in the area, defense is 33687, target 3340-3330-3320-3300
Europe and the United States
Europe and the United States
Europe and the United States generally showed an upward trend on Tuesday. The price fell to 1.1598 on the day and rose to 1.1696 on the spot and closed at 1.1673 on the spot. Looking back at the performance of European and American markets on Tuesday, prices fluctuated and corrected in the early trading, and then rose in the US market based on daily support, but the price was suppressed at last week's high point. The price needs to be cautious before breaking. Pay attention to the gains and losses of last week's high points.
From a multi-cycle analysis, from the perspective of the monthly line level, Europe and the United States are supported at 1.0950, so long-term bulls are treated, and the monthly line ends with a big positive, so long-term bullishness is still relatively large. From the weekly level, the price is supported by the support of the 1.1550 area, and from the perspective of the mid-line, the price decline is temporarily treated as a correction in the mid-line rise. At the same time, it is necessary to pay attention to further retracement in the near future and pay attention to whether it can break down. From the daily level, the daily line is currently supported at 1.1590 as time goes by. This position is the key to the band trend. Pay attention to the gains and losses of this position in the future. From the four-hour level, the current four-hour resistance isThe 1.1640-50 range supports, and the 1.1700 position above is the key resistance, so the current price tends to fluctuate in the four hours, and we will see the continuation after the subsequent breakthrough.
Europe and the United States pay attention to the 1.1640-1.1700 range breaks and then follow
[Finance data and events that are important to focus on today] Wednesday, August 13, 2025
①10:00 State Information Office held a press conference
②14:00 Germany's July CPI final value
③16:00 IEA released its monthly crude oil market report
④22:30 EIA crude oil inventories in the week from the United States to August 8
⑤22:30 US to August 8
⑤22:30 US to August 8 E IA Cushing crude oil inventories
⑥22:30 EIA strategic oil reserve inventories in the week from the United States to August 8
⑦01:00 the next day, the Federal Reserve Goulsby delivered a speech on monetary policy
⑧01:30 the next day, the Federal Reserve Bostic delivered a speech on the outlook for the US economy
⑨01:30 the next day, the Bank of Canada released minutes of the monetary policy meeting
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The above content is all about "[XM Group]: The four-hour resistance of gold does not break and is short, and the European and American ranges will follow after breaking". It is carefully www.xmh100.compiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
Due to the author's limited ability and time constraints, some content in the article still needs to be discussed and studied in depth. Therefore, in the future, the author will conduct extended research and discussion on the following issues:
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