XAUUSD data (Gold/Dollar)
Date : 2025-07-23
Opening : 3427.08
Higher up: 3439.090088
Below: 3386.11
Closing : 3394.6

Economic news :
Easing Trade Tensions Cheer Markets
GBP/USD Nears July High as BoE and Treasury Clash Over Financial Regulation
GBP/USD Breaks Range Bottom With Eyes on Key Fibonacci Target

Detailed analysis:
Today, the gold market (XAUUSD) is showing a downward trend, closing at 3394.6, down from the opening price of 3427.08. The precious metal has seen notable volatility, fluctuating between a high of 3439.09 and a low of 3386.11. The easing of trade tensions seems to have increased risk appetite, which has weakened gold's appeal as a safe-haven asset. The recent strength of the US dollar, supported by the Fed's relatively stable monetary policy, continues to weigh on gold.

Key levels to watch include immediate support around 3380, while resistance is near 3440. The major risk areas are near 3360 and 3460, where volatile movements could occur in the event of unexpected economic news or geopolitical changes.

**Potential short-term scenarios:**

1. **Bullish scenario:**
- Confirmation level:** A break above 3440
- Invalidation:** Back under 3390
- Pitfalls to avoid:** Entering prematurely without confirmation of a clear break and significant volume.

2. **Range scenario:**
- Range corners:** Between 3380 and 3440
- Strategy:** Buy near 3380 and sell near 3440
- Traps to avoid:** Do not enter the range without clear signals of a rebound or reversal.

3. **Bearish scenario:**
- Confirmation level:** A break below 3380
- Invalidation:** Rebound above 3420
- Pitfalls to avoid:** Rushing to sell before a clear break has been confirmed.

**Risk management advice:**

- Wait for confirmation:** It is crucial to wait for clear confirmation on the chart before entering a position to avoid false signals.

- Avoid overtrading:** Remain disciplined by limiting the number of trades you open at any one time, particularly in an environment of increased volatility.

Adapt your strategies according to these scenarios and keep an eye on economic and geopolitical news that could influence the market.