XAUUSD data (Gold/Dollar)
Date : 2025-07-23
Opening : 3427.08
Higher up: 3439.090088
Below: 3416.28
Closing : 3421.09
Economic news :
GBP/USD Nears July High as BoE and Treasury Clash Over Financial Regulation
GBP/USD Breaks Range Bottom With Eyes on Key Fibonacci Target
Dollar weakened by drop yesterday as short squeeze loses momentum
Detailed analysis:
Today, gold (XAUUSD) is trending slightly lower, closing at 3421.09, down from the opening price of 3427.08. The US dollar has weakened recently, which could have supported gold, but gold appears to remain under pressure from volatility and macroeconomic uncertainty. Key levels to watch include support at 3410, while resistance lies around 3440. Key levels to watch include support at 3410, while resistance lies around 3440. Volatility remains moderate, but tensions between the Bank of England and the UK Treasury are creating a stir that could indirectly influence gold.
In terms of scenarios :
1. **Bullish scenario**: If the price of gold manages to break through resistance at 3440 with significant volume, a move towards 3460 could be possible. This scenario would be invalidated if the price fell back below 3410.
2. **Range scenario**: Gold could move between 3410 and 3440, with traders taking advantage of the bounds for quick entries and exits. A clear break of one of these boundaries would potentially signal a change in momentum.
3. **Bearish scenario**: If support at 3410 is broken, gold could target 3390. This scenario would be invalidated if the price rises above 3440, indicating a potential reversal.
To manage risk effectively today, it is crucial not to overload your positions (avoid overtrading) and to wait for clear confirmation of breakouts before taking positions. Use tight stops to protect your capital, and be ready to adjust your strategies in the face of unpredictable volatility.
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