【U.S. Dollar Index】
In terms of the U.S. dollar index, the U.S. dollar index price generally showed an upward trend on Friday. The price rose to a high of 105.38, a low of 105.114 and a close of the day at 105.297. Looking back at the price performance of the U.S. index last Friday, the price gained short-term support after the morning open, and then the price maintained a volatile and rising performance, and finally the positive line ended, while the weekly price was supported by the weekly support. For the time being, we need to pay attention to the resistance in the 105.50-70 range, after all, the analysis position is the key resistance at the daily level, and the price is still under pressure in the short term.
The U.S. index is in the range of 105.55-65, defending $5, and the target is 105.10-104.70
【Gold】
In terms of gold, the price of gold generally rose on Friday, with the highest price of the day rising to 2378.25, the lowest falling to 2345.1, and closing at 2360.7. Looking back at the performance of the gold market on Friday, gold gained support in the short term after the morning opening and went straight up, and the price fell back after the European market, and the price did not continue to rise during the overnight. The daily price is at the end of the day, and the current daily support is in the 2325-2332 range, and the four-hour support is in the 2345 area. Today's short-term four-hour and one-hour performance has further correction, so for the time being, cautious long, focus on whether the price can appear after the four-hour support, if it continues to fall, it is expected to test the daily support area.
Gold is in the range of 2325-26, defending $10, and targeting 2345-2360
【Europe and America】
In Europe and the United States, prices in Europe and the United States generally showed a decline last Friday. The price of the day fell as low as 1.0759 and rose as high as 1.0789 and finished at 1.0769. Looking back at the performance of the European and American markets last Friday, the short-term European and American markets fell under pressure after the morning open, and then fluctuated and fell, and the price hit a low on Friday, which happened to be a four-hour key support area. Since the weekly high is the weekly resistance, the lower daily support in the 1.0730-40 area, for the time being, the first focus on the gains and losses of last Friday's low, considering last Friday's performance, beware of the price after the daily line is on the upside, so for the time being, focus on the 1.0730-40 range support to see the upside, the upper follow-up focus on the 1.0770-1.0790 area, the price will continue to break through the weekly resistance.
Europe and the United States 1.0730-40 range more, defense 40 points, the target 1.0770-1.0790
【Today's key financial data and events】Monday, May 13, 2024
(1) 15:00 Switzerland Consumer Confidence Index (April).
(2) 21:00 Fed's Mester and Jefferson speak
(3) 23:00 US 1-year inflation expectations for the New York Fed in April
Note: The above is only a personal opinion strategy, only for review and exchange, does not give any investment advice to customers, has nothing to do with customers' investment, and is not used as the basis for placing orders.