XAUUSD data (Gold/Dollar)
Date : 2025-07-13
Opening : 3348
Higher up: 3350.9
Below: 3345.4
Closing : 3349.4
Economic news :
U.S. Dollar Strengthens Amid Trade Tariff Speculations
ForexLive European FX news wrap: Dollar steady, equities down awaiting trade developments
Tariff Turbulence Haunts Markets
Detailed analysis:
On 13 July 2025, the gold market (XAUUSD) is showing a slightly upward trend, closing at 3349.4 after opening at 3348. Recent volatility remains moderate, with a range for the day of 5.5 dollars, indicating a degree of caution among traders in the face of current economic uncertainties. Key levels to watch include immediate resistance at 3350.9, corresponding to the day's high, and support at 3345.4, the recent low.
The strengthening US dollar, supported by speculation about potential new trade tariffs, is putting pressure on gold, which is often seen as a hedge against dollar weakness. In addition, the markets are awaiting developments on tariffs, which maintains an atmosphere of caution. Key interest rates remain stable, but inflation remains a concern, indirectly influencing the gold market.
**Potential short-term scenarios:**
1. **Bullish scenario:** If gold manages to break through and hold above resistance at 3350.9, further upside could lead to 3360. This scenario would be invalidated if gold were to fall back below 3345, signalling persistent weakness. Watch out for economic announcements that could weaken the dollar, offering support to gold.
2. **Range scenario:** The market could move between 3345 and 3350.9, reflecting a consolidation while awaiting clearer news on tariffs. Traders should watch out for any break outside this range, which could indicate the start of a new trend.
3. **Bearish scenario:** A break below support at 3345 could signal increased selling pressure, with downside potential towards 3335. This scenario would be invalidated by a return above 3350.9, which could then indicate a bullish reversal.
**Risk management advice:**
- Money Management:** Avoid oversizing your positions, especially in uncertain market conditions. Make sure that each position you take complies with your risk management plan, by using appropriate stops.
- Wait for confirmation:** Before committing to a position, wait for confirmation of a break or reversal, especially in a context of moderate volatility and wait-and-see markets. This will help you avoid false signals and enter trades with a higher probability of success.
In short, caution remains the watchword in an environment marked by economic uncertainty and currency movements influenced by price speculation.
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