XAUUSD data (Gold/Dollar)
Date : 2025-07-20
Opening : 3349.4
Higher up: 3352.8
Below: 3346.3
Closing : 3348.1

Economic news :
Is the GBP/USD Pullback Just Technical Noise or a Deeper Bullish Reversal?
GBP/USD Price Analysis: UK Data Dampens BoE Rate Cut Bets
ForexLive European FX news wrap: Dollar gets a case of the Waller hangover

Detailed analysis:
On 20 July 2025, the gold market (XAUUSD) is trending slightly downwards. The price opened at 3349.4 and closed at 3348.1, after hitting a high of 3352.8 and a low of 3346.3. Volatility remains modest, with contained movements. Key levels to watch include immediate support around 3345, while resistance lies at 3355.

The recent trend in the US dollar, affected by Waller's comments, has led to slight upward pressure on the greenback, which is contributing to gold's weakness. In addition, the recent easing of expectations of a rate cut by the BoE, following the UK data, could indirectly support the dollar by reducing competitive pressures. On the geopolitical front, nothing major is currently affecting the price of gold.

### Potential short-term scenarios :

1. **Bullish scenario:** If the price manages to break above resistance at 3355 with significant volume, a move towards 3365 could materialise. This scenario would be invalidated if the price were to fall back below 3345. Traders should be on the lookout for a confirmed breakout before taking positions.

2. **Range scenario:** The market could move sideways between 3345 and 3355. Traders should keep an eye on these limits and avoid positioning themselves in the middle of this range without clear confirmation of a breakout.

3. **Bearish scenario:** A break below the 3345 support level, with a follow-up below 3340, could signal a bearish continuation towards 3330. This scenario would be invalidated by a return above 3355. Beware of false break signals, which could lead to erratic movements.

### Risk management advice :

- Wait for confirmation:** Before taking positions, wait for confirmation of breaks or rebounds on key levels to avoid market traps.

- Avoid overtrading:** Limit the number of trades to avoid exhaustion and mistakes due to overconfidence. Concentrate on quality opportunities with rigorous stop-loss management.

In short, caution is called for as long as the market is moving in a narrow range, and it is crucial to keep an eye out for confirmatory signals before acting.