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Gold sees continuation of early lows, Europe and America focus on short-term adjustments
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market xn--xm-5s9cx14e.commentary]: Gold is expected to continue at its early lows, and Europe and the United States will focus on short-term adjustments." 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 last Friday. The U.S. dollar index price climbed to a maximum of 99.443 that day, dropped to a minimum of 98.807, and finally closed at 98.81. Looking back at the overall market performance last Friday, the price was under pressure at the previous day's high during early trading, and then continued to be under pressure, and fell below the four-hour support position after the US market. The short-term pressure was on the side, and the daily line ended in a negative trend. At the beginning of this week, focus on the adjustment first, and then look at the continuation after the adjustment.
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. From the daily level, as time goes by, the current daily support is in the 98.30 area, and the price range above this position will rise further. From a four-hour perspective, when the price fell below the four-hour support last Friday, it was under short-term pressure. At the same time, we need to pay attention to the gap position last week. The current four-hour resistance is in the 99.10-20 range. Below this position, the price will first look at the pressure. Below, focus on the 98.70-98.30 and weekly support 98 areas. The current price pressure on the hour has not ended yet. In the short term, we will focus on further pressure.
The U.S. index is empty in the 99.10-20 range, defending 5 US dollars, and targeting 98.70-98.30
Gold
In terms of gold, the price of gold showed an overall rise last Friday, with the highest price rising to 4022.72 that day.position, the lowest fell to 3946.94, and closed at 4018.58. Regarding the short-term price fluctuation of gold during the early trading last Friday, relying on the previous day's low, the price continued after breaking through the four-hour resistance again according to the rhythm we analyzed. We are currently paying attention to the further continuation of gold.
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 3898 area for the time being, and the bands above this position should be treated more. From a four-hour perspective, it ran as scheduled within the range we analyzed last Friday, and at the same time broke through the four-hour resistance at the close, so it soared again in early trading today. In the short term, the low position in today's early trading is the short-term watershed. The price will continue to see continuation above this position, and will only be corrected after falling below. In one hour, gold bulls are still continuing, so for the time being, we can rely on the early lows to continue to watch the continuation, and focus on the 4070-4100 area above.
Gold's early low of 4003.76 is the intraday watershed, and prices above this position will see bullish continuation
Europe and the United States
In Europe and the United States, European and American prices generally showed an increase last Friday. The price fell to the lowest position of 1.1553 on that day, rose to the highest position of 1.1630, and closed at 1.1623 position. Looking back at the performance of the European and American markets last Friday, prices fluctuated and rose in the short term during the early trading. As the price adjusted after falling, the market has diverged. After the US market opened, the price broke through the four-hour resistance upwards. Finally, the day ended with a strong sun. In the short term, we first look at the upward adjustment of the market.
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, so we are temporarily concerned about the pressure in the mid-term. From the daily level, the daily line is the key for us to emphasize the band trend. The current daily resistance is at 1.1680, and the price will continue to be under pressure in the band below this position. From a four-hour perspective, if the four-hour resistance was broken last Friday, there will be short-term adjustments. The current four-hour support is in the 1.1590-1.1600 range. In the short-term, we will first rely on this position to see adjustments. The upper side will temporarily focus on the weekly and daily resistance. At the same time, we need to pay attention to the gap position last week. The current bullish short-term trend will continue in one hour.
Europe and the United States have a lot of 1.1590-1.1600 range, with a defense of 40 points.Target 1.1680
[Today’s financial data and events of focus] Monday, October 13, 2025
① China’s September trade account to be determined
② Domestic refined oil products to be determined to open a new round of price adjustment window
③ To be determined when the World Bank and IMF hold autumn annual meetings Meeting
④Pending OPEC monthly crude oil market report
⑤Federal Reserve Paulson delivers a speech at 00:10 the next day
Note: The above are only personal opinions and strategies, for reference and xn--xm-5s9cx14e.communication only, and do not provide any investment advice to customers. They have nothing to do with customers' investments and are not used as a basis for placing orders.
The above content is all about "[XM Foreign Exchange Market xn--xm-5s9cx14e.commentary]: Gold will continue to see lows in early trading, and Europe and the United States will pay attention to adjustments in the short term". It was carefully xn--xm-5s9cx14e.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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