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Gold maintains its early rally, with Europe and the United States rebounding as expected
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market xmspot.commentary]: Gold maintains its early rally, and Europe and the United States rebound as expected." Hope this helps you! The original content is as follows:
U.S. Dollar Index
In terms of the performance of the U.S. Dollar Index, the U.S. Dollar Index showed a downward trend on Wednesday. The U.S. dollar index price climbed to a maximum of 99.056 that day, dropped to a minimum of 98.624, and finally closed at 98.64. Looking back at the overall performance of the market on Wednesday, the price was suppressed in the short-term at the high point of the retracement in the early morning of the previous day during early trading. After that, the price continued to be under pressure, and finally ended with a heavy cloud on the day.
From a multi-cycle analysis, the weekly price stabilized last week after continuing to fluctuate in the early stage. The current weekly support is in the 98 area, and follow-up attention will be paid to further mid-term bulls (need to pay attention to the gap position). From the daily level, as time goes by, the current daily support is in the 98.40 area. This position is the key to the band trend. The price has now reached it. Pay attention to today's closing performance. From a four-hour perspective, after the price fell below the four-hour support on Tuesday night, the price was under pressure in the short-term and corrected. This is also the focus we emphasized on Tuesday. The price has been under pressure to test the daily support area as scheduled. The current four-hour resistance is in the 98.80-90 area. Only when the price stabilizes at this position will it continue to rise, otherwise the short-term will still be bearish (beware of the price covering the 97.70 gap area). The current price is still bearish on the hour, but we need to pay attention to the rebound of daily support. Therefore, to sum up, the current price is below 98.80-90 in the short term. Only when it breaks above and stands firm can we see the bullish performance. Everyone must pay attention to the market rhythm)
The U.S. index fell under pressure as expected, and the short-term focus is on 98.40-98.90 range
The short-term is still under pressure below 98.90. Gains and losses at this position determine whether the gap can be directly filled
Gold
In terms of gold, the price of gold generally showed an upward trend on Wednesday. The highest price on the day rose to 4218, the lowest fell to 4140, and closed at 4208. In view of the fact that the price continued to rise strongly during the early trading on Wednesday and continued to rise during the European trading. Although the US trading and overnight prices fluctuated, they still closed at a high level. So the strength remains.
From a multi-cycle analysis, first observe the monthly rhythm. From a long-term perspective, the 3130 position is the watershed of the long-term trend. The price can be treated as long as it is above this position. From the perspective of the weekly level, the current watershed between long and short weekly lines is at 3585, and the price can be treated as long as the midline is above this position. From the daily level, we need to pay attention to the support of the 3997 area for the time being, and the bands above this position should be treated more. From a four-hour perspective, the four-hour level is the focus we have been emphasizing. The current four-hour support is in the 4175 area, and the price will be bullish in the short term above this position. The current price is also bullish on an hourly basis, but there is a short-term divergence, so we need to pay attention to short-term long risks after it rises again. At the same time, in terms of operation, it still rose again in early trading today. The low in early trading became the watershed of the day. If the price is above this position, the short-term bias can be treated as long. Focus on the 4235-4266 area above.
Gold's early low of 4199.73 is the intraday watershed. If the price is above this position, the bulls will continue (at the same time, there will be a divergence in one hour, so we need to pay attention to the risks after the short-term rise)
Europe and the United States
In Europe and the United States, European and American prices generally showed an increase on Wednesday. The price dropped to the lowest position of 1.1601 on that day, rose to the highest position of 1.1647, and closed at 1.1646 position. Looking back at the performance of the European and American markets on Wednesday, prices still maintained their upward performance after short-term shocks in early trading. Looking back at the ideas given to everyone at the beginning of this week, the price has tested the daily and weekly resistance areas as scheduled. In the short term, we will temporarily focus on the four-hour watershed. The four-hour watershed determines whether the gap can be filled and whether it will xmspot.come under pressure again.
From a multi-cycle analysis, from the monthly level, Europe and the United States are supported at the 1.1100 position, so the price is treated as a long-term position above this position. From a weekly perspective, the price is supported by the 1.1680 area. This position is the long-short watershed of the mid-line trend. It has broken down last week. Pay attention to the final closing performance this week. From the daily level, the daily line is the key for us to emphasize the band trend. The current daily resistance is at 1.1670. The price has stepped back again as scheduled this week, and today is treated as a transition day. From a four-hour perspective, the price broke through the four-hour resistance last Friday. On Tuesday, the price broke through again and rebounded steadily upward as expected, and successfully tested the daily and weekly resistance ranges. Currently fourThe hourly support is in the 1.1610-20 range. This position is still bullish in the short term before it breaks down. Once the price breaks down, it will look back to the pressure. At present, pay attention to the market rhythm and treat the operation on the right side.
Europe and the United States focus on the gains and losses in the 1.1410-1.1680 range, and the short-term 1.1410-20 is the watershed
[Today’s key financial data and events] Thursday, October 16, 2025
p>①08:30 Australia’s seasonally adjusted unemployment rate in September
②14:00 Britain’s three-month GDP monthly rate in August
③14:00 Britain’s August seasonally adjusted merchandise trade account
④14:0 0 UK industrial and manufacturing output monthly rate in August
⑤17:00 Euro zone August seasonally adjusted trade account
⑥20:30 Number of initial jobless claims in the United States for the week to October 11
⑦20:30 United States September retail sales monthly rate
⑧20:30 US September PPI annual rate and monthly rate
⑨20:30 US October Philadelphia Fed Manufacturing Index
⑩21:00 Fed Governor Waller delivers a speech< /p>
21:00 Federal Reserve Board Governor Barr delivers a speech
21:00 Federal Reserve Board Governor Milan delivers a speech
22:00 US October NAHB Housing Market Index
22:00 US Monthly rate of domestic xmspot.commercial inventories in August
22:00 Federal Reserve Board Governor Bowman delivers an online speech
22:30 EIA natural gas inventories from the United States to the week of October 10
00:00 the next day from the United States to October EIA Crude Oil Inventory for the Week of October 10
EIA Cushing Crude Oil Inventory from 00:00 the next day in the United States to the week of October 10
EIA Strategic Petroleum Reserve Inventory from 00:00 the next day in the United States to the week of October 10
>At 01:30 the next day, Bank of Canada Governor MacCallum delivered a speech
Note: The above is only a personal opinion strategy, for reference and xmspot.communication only. It does not give any investment advice to customers, has nothing to do with customers' investment, and is not a basis for placing orders.
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