Analyse XAUUSD - 2025-07-23 (22:52)

XAUUSD data (Gold/Dollar)
Date : 2025-07-23
Opening : 3427.08
Higher up: 3430
Below: 3427.08
Closing : 3429.15

Economic news :
GBP/USD Breaks Range Bottom With Eyes on Key Fibonacci Target
Dollar weakened by drop yesterday as short squeeze loses momentum
investingLive European markets wrap: Japanese yen jumps, cryptos continue to run hot

Detailed analysis:
Gold's recent movements on the XAUUSD market point to a slight uptrend for the day of 23 July 2025. The precious metal opened at 3427.08 and closed higher at 3429.15, with a high at 3430. This bullish momentum is supported by a weakening US dollar, which lost momentum following a short squeeze that lost momentum. Volatility remains moderate, but it is important to keep an eye on forthcoming economic releases in the United States, particularly inflation data and monetary policy decisions, which could influence the gold market.

Key levels to watch include immediate support at 3425 and resistance at 3435. A clear breach of these levels could indicate a change in trend. Traders should also keep an eye on geopolitical events, such as fluctuations in sterling and the Japanese yen, which could indirectly affect gold.

**Potential short-term scenarios:**

1. **Bullish scenario:** If the price breaks above resistance at 3435, an advance towards 3450 could be envisaged. This scenario would be invalidated if the price were to fall back below 3425. Traders should watch for overbought signals to avoid entering the market at levels that are too high.

2. **Range scenario:** The market could move between 3425 and 3435, with limited fluctuations. Traders could take advantage of the volatility by observing the ends of this range. Beware of false breakouts, which could trap unwary traders.

3. **Bearish scenario:** A move below support at 3425 could pave the way for a fall towards 3415. This scenario would be invalidated if the price rises above 3435. Traders should watch out for technical bounces near support.

**Risk management advice:**

- Avoid overtrading during this period of moderate volatility. Wait for clear confirmation before taking positions, especially near identified key levels.
- Favour rigorous money management by adjusting your position sizes according to current volatility and support/resistance levels, in order to limit potential losses in the event of an unexpected downturn.