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Gold soars strongly to set a new record, Europe and the United States continue to rise
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Hello everyone, today XM Foreign Exchange will bring you "[XM Group]: Gold soars strongly, setting a new record, Europe and the United States continue to rise." Hope it will be helpful to you! The original content is as follows:
Macro
Recently, Trump's behavior has caused strong shocks in the global market and continuous political and economic chain reactions. Politically, Trump criticized Federal Reserve Chairman Powell through social media, demanding interest rate cuts and intending to remove Powell, highlighting the contradictions within the US government's monetary policy. In terms of economy and markets, some markets were closed due to the Easter holiday, but Trump's remarks still caused US stock markets to plummet on Monday, with the three major stock indexes falling by more than 2%, and the S&P 500 index is one step away from the bear market. Its tariff policies and trade uncertainty have caused chaos in the global market, investors have withdrawn their investment in U.S. assets and switched to gold, and the US dollar has weakened. The United States plans to impose tariffs on solar products in four Southeast Asian countries to intensify market risk aversion. Although it is beneficial to local manufacturers, it has increased cost pressure on the renewable energy industry, and the Trump administration is still cutting support for green projects. Looking ahead to the future market, there is little economic data this trading day, but the speeches of Federal Reserve officials, IMF reports, international trade situation and Asian stock market performance will affect the market, and its uncertainty and volatility will continue in the short term.
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 99.212 on the day, and fell to 97.885 at the lowest, and finally closed at 98.33. Looking back at the market performance on Monday, prices fell directly during the early trading session, and then fluctuated at low levels during the European and US sessions, but the daily line closed strongly. We will continue to pay attention to further pressure in the future, and the short-term four-hour resistance is still an important watershed.
From a multi-cycle analysis, the price is suppressed in the 105 area resistance at the weekly level, so from a medium-term perspective, the trend of the US dollar index will be more bearish. On SundayAt the line level, the price is suppressed at the resistance level of the 100.60 area, so the short position is based on the band's thinking. The 98.60-70 area in the short term is a short-term watershed by the US index, so the short-term price is still bearish. Based on the multi-cycle view, the price is below the multi-cycle resistance, and the market will continue to be treated at a high altitude in the future. In the short term, we will temporarily pay attention to the pressure in the 98.60-70 area, and follow the support in the 97.70-97 area below.
The US dollar index was short in the range of 98.60-70, defending 5 US dollars, targeting 97.70-97
Gold
In terms of gold, the price of gold overall showed an upward trend on Monday, with the highest price rising to 3430.38 on the day, falling to 3328.89 on the lowest price, and closing at 3424.15 on the day. In response to the price continued to rise during the early trading session on Monday, then hitting a record high, and the U.S. market continued to rise, and finally the big sun ended. Overall, gold remains in bullish performance.
From a multi-cycle analysis, first observe the monthly rhythm. The price has risen in the early stage for three months and then a single-month correction. Recently, it has risen in the recent four months and has seen a single-month correction. Therefore, according to the rhythm, the overall bullish look in April, but for May, we must pay attention to market risks. From the weekly level, gold prices are supported by the support level in the 3006 area. So from a mid-term perspective, we can continue to maintain a bullish view. From the daily level, the current price is supported by the 3195 regional support, and it continues to be bullish from the perspective of the band. For the short-term four-hour price is supported at the 3385 position, the price is still relatively large in the short term. The short-term price has become a key watershed at the low point of today's morning session. We will pay attention to the 3385 area to continue to support the price increase, while the above area is focused on the 3450-3500-3550 area.
Gold has a long range of 3420-3421, with a defense of 10 US dollars, and a target of 3450-3500-3550
European and the United States
European and the United States, the prices of Europe and the United States were generally on Monday. The price fell to 1.1391 at the lowest point on the day, and rose to 1.1572 at the highest point, closing at 1.1511 at the end. Looking back at the performance of European and American markets on Monday, the morning opening price rose further in the short term based on four-hour support, and then the price hit a recent high, and the daily line ended with a big positive. Continue to pay attention to further upward trend in the future.
From a multi-cycle analysis, from the monthly level, Europe and the United States are supported by 1.0770, so long-term bulls are treated. From the weekly level, the price is supported by the 1.0790 area, and continue to look bullish from the perspective of the midline. From the daily level, the price is supported by the 1.1230 regional support, so the band is treated with the same bullish ideas. From the short-term four-hour level, the current 1.1470-80 position is the key support position, and the price is relatively long in the short term in the four-hour period, so the current long cycles are currently in the bullish performance. In terms of operation, the layout will continue to be more xmtraders.common when it is low. Focus on the 1.1600-1.1670 area in the short term above.
Europe and the United States have a long range of 1.1370-80, with a defense of 40 points, and a target of 1.1600-1.1670
[Finance data and events that are focused today] Tuesday, April 22, 2025
①21:00Fei Vice Chairman Jefferson delivered a speech
②21:00IMF released a world economic outlook report
③22:00Eurozone April consumer confidence index
④22:00U.S. Richmond Fed Manufacturing Index
⑤ 22:00 European Central Bank Governor Lagarde was interviewed by the media
⑥The next day, the Federal Reserve Kashkali delivered a speech
⑦The next day, the May Futures of New York crude oil xmtraders.completed the last on-site transaction
⑧The next day, the next day, the week of API crude oil inventories from the United States to April 18
⑨The next day, the Federal Reserve Director Kugler delivered a speech
Note: The above is only personal opinions and strategies, for review and xmtraders.communication only, and does not give customers any investment advice. It has nothing to do with customers' investment, and is not used as a basis for placing an order.
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