XAUUSD data (Gold/Dollar)
Date : 2025-07-23
Opening : 3427.08
Higher up: 3439.090088
Below: 3416.28
Closing : 3422.81
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, 23 July 2025, the gold market (XAUUSD) is showing a fairly neutral dynamic, with slight downward pressure observed at the end of the session. Key levels to watch include immediate support around 3416, while resistance lies at 3439. Recent volatility remains moderate, but traders should keep a close eye on fluctuations in the US dollar, which has shown signs of weakness following downward pressure from short positions running out of steam.
The macroeconomic environment remains tense, with uncertainties surrounding monetary policy, notably due to tensions between the Bank of England and the UK Treasury over financial regulation, which could indirectly influence gold movements. In addition, the recent fall in the dollar could continue to support gold prices in the short term if it persists.
### Potential short-term scenarios :
1. **Bullish scenario:**
- Hypothesis:** If the dollar continues to weaken, gold could rebound.
- Levels to watch:** A break above 3439 would confirm an uptrend with a potential target of 3455.
- Invalidation:** This scenario would be invalidated if the price falls below 3416 with a confirmed close.
- Pitfalls to avoid:** Beware of false break signals in the event of low trading volumes.
2. **Range scenario:**
- Assumption:** In the absence of major catalysts, gold could oscillate between 3416 and 3439.
- Corners:** Support at 3416 and resistance at 3439.
- Traps to avoid:** Do not overtrade movements within this range without clear confirmation of levels.
3. **Bearish scenario:**
- Hypothesis:** A recovery in the dollar or an unfavourable macroeconomic event could push gold lower.
- Levels to watch:** A break below 3416 would pave the way for a fall towards 3400.
- Invalidation:** A return above 3439 would invalidate this scenario.
- Pitfalls to avoid:** Beware of impulsive movements caused by surprise announcements.
### Risk management advice :
- Money Management:** Never risk more than 1-2% of your capital on a single position to limit potential losses.
- Wait for confirmation:** Before taking a position, wait for a clear close above or below key levels to avoid the traps of intraday volatility.
In conclusion, remain vigilant to movements in the dollar and changes in monetary policy, which could rapidly change the gold market. Take a measured, disciplined approach to navigating these uncertain waters.
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