XAUUSD data (Gold/Dollar)
Date : 2025-07-16
Opening : 3324.3
Higher up: 3332.66992
Below: 3319.86
Closing : 3330.38989
Economic news :
GBP/USD - Bears Looking for the Range Bottom
Markets Wait For U.S. CPI
GBP/USD Slides to Key Support as Pressure Mounts
Detailed analysis:
Today, gold (XAUUSD) is trending slightly higher, closing at 3330.39, up on the opening. Key levels to watch include support at 3319 and key resistance at 3335. Volatility remains moderate, but could increase with the imminent release of US inflation data (CPI). This expectation is generating a degree of uncertainty on the markets, especially as pressure on sterling could indirectly influence overall market sentiment.
**Bullish scenario:** If gold manages to break through and hold above resistance at 3335, the next target could be 3345. This scenario would be invalidated if gold were to fall back below 3325, where buyers could lose momentum. Traders should watch for strong demand signals around 3335 to confirm a continuation of the uptrend.
**Range scenario:** Gold could move into a consolidation zone between 3320 and 3335. Traders should watch out for oscillations around these levels, waiting for a clear break in either direction. The absence of major catalysts ahead of the CPI could keep gold in this range.
**Bearish scenario:** A break below support at 3319 would indicate increased selling pressure, with downside potential towards 3310. This move would be invalidated if gold rebounds above 3325, signalling a return of buyers. Caution is advised, particularly ahead of major economic announcements.
**Risk management advice:**
1. **Money Management:** Maintain a favourable risk/return ratio, adjusting position sizes to risk only a small percentage of capital per trade.
2. **Confirmation of signals:** Avoid taking positions based on impulsive movements. Wait for clear confirmation before entering the market, especially in a context of pre-CPI uncertainty.
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