XAUUSD analysis - 2025-07-17 (07:49)

XAUUSD data (Gold/Dollar)
Date : 2025-07-17
Opening : 3344.7
Higher up: 3352.25
Below: 3325.7
Closing : 3330.42

Economic news :
Global FX Market Summary: Escalating Trade Tensions and Tariffs, FED, ECB 16 July 2025
Markets Cheer The Downtick In U.S. PPI
GBP/USD Steadies After Hotter-than-expected Inflation

Detailed analysis:
Today, gold (XAUUSD) is showing a downward trend, closing at 3330.42, down from its opening price of 3344.7. Recent volatility has been moderate, with a high of 3352.25 and a low of 3325.7. Key levels to watch include major support around 3320 and resistance at 3360.

The recent trend in the US dollar, influenced by growing trade tensions and recent economic data, has supported gold's decline. However, the fall in the US Producer Price Index (PPI) brought some relief to the markets, making the macroeconomic context a little more complex. The FED's maintenance of key interest rates and the geopolitical tensions caused by the escalation of tariffs add to the current uncertainty.

**Short-term scenarios:**

1. **Bullish scenario:** If gold manages to break above resistance at 3360, this could signal a bullish reversal, with a potential target at 3380. This scenario would be invalidated if the price were to fall back below 3325.

2. **Range scenario:** Gold could move into a range defined by 3320 support and 3360 resistance. Traders should watch for potential breaks of these levels to detect a change in trend.

3. **Bearish scenario:** A break below support at 3320 could accentuate selling pressure, with a target of 3300. This scenario would be invalidated if the price rises back above 3350.

**Risk management advice:**

- Capital management:** It is crucial to limit leverage and set clear stops to avoid excessive losses in such an uncertain market.
- Caution and patience:** Avoid overtrading and wait for clear confirmation before entering the market, especially during periods of volatility caused by geopolitical and economic uncertainties.

Adopt a calculated approach and keep abreast of macroeconomic and geopolitical developments that could impact gold prices.