Eurozone economic data is weakening overall, gold price trend is rising step by step

[xupy0912]

The outgoing European Central Bank (ECB) President Draghi said in a testimony to the European Parliament yesterday (23rd) that the economic growth momentum of the euro zone has slowed down more than originally expected, and potential price inflation is still in a low position, the overall economy. There has not been any signal of recovery, and yesterday's (23rd) Eurozone PMI (Purchasing Managers Index) continued to slide to historical lows, so he believes that the euro may continue to weaken against the US dollar.
The German manufacturing industry fell to the bottom of the decade, the comprehensive PMI index fell to 49.1, and the manufacturing PMI index of 41.4 was below the 50-year low since the April 2013, and the lowest point since 2009, the service industry PMI. The index has fallen for the first time in four and a half years, and the data clearly shows that the overall demand in Germany is gradually declining. From the perspective of the PMI in the Eurozone, there will be a risk of economic recession in the coming months, so the European Central Bank (ECB) has pressure to stimulate economic measures, so the euro may weaken again in the second half.

Forex(外汇) - Technical Analysis (Gold XAUUSD):
Today's foreign(外汇) exchange gold (September 24) early in the morning at 1522.3 US dollars / ounce, from the technical analysis, the 1-hour level observation is in line with yesterday's (23rd) forecast pull back and continue to rise, the current K stick fell in the middle of the Bollinger Band Nearby, so there is a chance to correct the stability and then challenge the 0.618 gold return level.
At present, the pressure range above the short-term line is located at 1529~1529.5 US dollars/ounce. In the downward direction, the initial support range is 1513~1513.5 US dollars/ounce. The operation mentality is mainly short. The investors who want to enter the market for a short time can consider the price of 1520 US dollars. To buy a light warehouse at $1522/oz, the MT4 operating stop loss can be set below $1518.5/oz.

Forex(外汇) - Technical Analysis (EUR/USD EURUSD):
Today's foreign(外汇) exchange EUR/USD (September 24th) Early in the vicinity of 1.00939, from the technical analysis, the 1-hour level observation trend was affected by the overall decline of the PMI index yesterday (23rd), there was a sharp decline, so there is a chance to appear slightly After the rebound, it fell again.
At present, the pressure range above the short-term line is located at 1.10050~1.10100, the downward direction, the initial support interval is 1.09650~1.09700, and the operational mentality is short-term. The investors who want to enter the short-term market may consider buying in the 1.09860 to 1.9910 range. The MT4 operation stop loss point can be set above 1.09960.

Forex(外汇) - Technical Analysis (GBP/USD GBPUSD):
Today's foreign(外汇) exchange sterling / US dollar (September 24) Early in the vicinity of 1.24291, from the technical analysis, the 1 hour line level observation trend has not yet fallen below the uptrend line, so there is a chance to pull back to stabilize and then rise again.
At present, the pressure range above the short-term line is located at 1.25100~1.25150, in the downward direction. The initial support range is 1.23850~1.23900. The operating mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.24230 to 1.24280 range. The MT4 operation stop loss point can be considered to be set below 1.24150.

Forex(外汇) - Technical Analysis (NZD/USD NZDUSD):
Today's foreign(外汇) exchange NZD/USD (September 24th) Early in the vicinity of 0.62951, from the technical analysis, the 1-hour line level observation trend is in line with yesterday's (23rd) forecast blue trend, after the bottoming, there is a rise, currently forming a small W bottom, so there is a chance to continue to rise.
At present, the pressure range above the short-term line is located at 0.63200~0.63250, in the downward direction, the initial support interval is 0.62750~0.62800, and the operating mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 0.62920 to 0.62970 range. The MT4 operation stop loss point can be considered to be set below 0.62840.

Forex(外汇) - Technical Analysis (Nasdaq Index Nas100):
Today's foreign(外汇) exchange Nasdaq (September 24th) early in the morning near 7845.4, from the technical analysis, the 1-hour line level observation trend is in line with yesterday's (23rd) forecast decline to the support chip range, there has been a sharp rebound, so there is a chance to rebound The pressure fell again.
At present, the pressure range above the short-term line is located at 7900~7910 points, the downward direction, the initial support range is 7780~7790 points, and the operation mentality is short-term. The investors who want to enter the short-term market can consider buying in the 7875 to 7885 range. In, the MT4 operation stop loss point can be considered to set above the 7908.

Today's key data:
1. Germany's September IFO Business Climate Index
2. UK CBI industrial order difference in September
3. US July FHFA house price index monthly rate
4. US S&P/CS20 large city house price index annual rate in July
5. US September Richmond Fed Manufacturing Index
6. US September Conference Board Consumer Confidence Index

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[xupy0912]

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[Resolve]

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