XAUUSD data (Gold/Dollar)
Date : 2025-07-15
Opening : 3342.4
Higher up: 3361.33
Below: 3341.1
Closing : 3359.88
Economic news :
EUR/USD, FTSE 100 Forecast: Two Trades to Watch
ForexLive European FX news wrap: Dollar steadies, Bitcoin and silver rallies
Dollar Rebounds As Trade War Escalates
Detailed analysis:
The gold market (XAUUSD) is trending slightly upwards today, as evidenced by the close at 3359.88, close to the day's high at 3361.33. The key levels to watch are support at 3340 and resistance at 3370. Recent volatility has been moderate, but the escalation of the trade war and the rebound of the US dollar could increase sudden moves.
The US dollar has stabilised after a recent rally, impacting demand for gold as a safe haven. Geopolitical tensions, particularly the escalation of the trade war, are adding a layer of uncertainty, potentially supporting gold prices. Interest rates remain stable, but inflation continues to weigh on the markets, indirectly influencing gold's movements.
### Potential short-term scenarios :
1. **Bullish scenario:**
- Description:** If the price exceeds resistance at 3370, a move towards 3400 is conceivable.
- Invalidation:** A return below 3340 would invalidate this bullish scenario.
- Levels to watch:** 3370 (resistance), 3400 (potential target).
- Pitfalls to avoid:** Beware of false starts due to unexpected economic announcements.
2. **Range scenario:**
- Description:** The price could move between 3340 and 3370, pending external catalysts.
- Corners:** Support at 3340, resistance at 3370.
- Levels to watch:** 3350 as pivot, 3340 and 3370 as upper and lower limits.
- Traps to avoid:** Do not enter positions without confirming that the terminals are held.
3. **Bearish scenario:**
- Description:** A break below 3340 could lead to a fall towards 3300.
- Invalidation:** A bounce above 3360 would call this scenario into question.
- Levels to watch:** 3340 (support), 3300 (potential target).
- Pitfalls to avoid:** Beware of technical rebounds after sudden movements.
### Risk management advice :
1. **Money Management:** Adjust your position sizes according to current volatility. Use tight stops to protect your capital in uncertain markets.
2. **Avoid overtrading:** Don't be seduced by rapid market movements. Wait for clear confirmation before opening new positions, especially in a tense geopolitical climate.
These strategies will help you to navigate the gold market effectively, taking account of current risks and potential opportunities.
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