XAUUSD data (Gold/Dollar)
Date : 2025-07-29
Opening : 3322.01
Higher up: 3328
Below: 3321.07
Closing : 3323.4
Economic news :
Safe-haven Dollar Drops Amidst Trade Deal With Japan
Markets Start Crucial Week On A Mixed Note
Global Markets React to Trade Deals, Geopolitical Shifts, and Central Bank Moves
Detailed analysis:
Today, Tuesday 29 July 2025, gold (XAUUSD) is showing a slight uptrend following a close at 3323.4, up on the opening. The market is showing relative stability with moderate volatility, the price oscillating between 3321.07 and 3328. The US dollar, often regarded as a safe-haven asset, came under slight downward pressure following the announcement of a trade agreement with Japan, which supported gold prices. This situation was amplified by a changing geopolitical context and expectations of central bank decisions.
**Key Support and Resistance:**
- Immediate support: 3321
- Secondary support: 3310
- Immediate resistance: 3328
- Secondary resistance: 3335
**Risk Areas:**
Watch for reactions around the 3328 level, as a break above it could intensify upward pressure. Conversely, a break below 3321 could signal further weakness.
**Potential scenarios:**
1. **Bullish scenario:**
- If the price breaks through and stays above 3328, the way could be cleared for a move towards 3335.
- Invalidation: A return below 3321 would invalidate this bullish scenario.
- Pitfall to avoid: Don't rush to a break without confirming the volume.
2. **Range scenario:**
- The price could move between 3321 and 3328, forming a sideways consolidation.
- Terminals: 3321 (support) and 3328 (resistance).
- Pitfall to avoid: Watch for false break signals in this range.
3. **Cashier scenario:**
- A break below 3321 could pave the way for a pullback towards 3310.
- Invalidation: A return above 3328 would invalidate this bearish bias.
- Pitfall to avoid: Beware of rapid technical rebounds after a break.
**Risk Management Advice:**
1. **Money Management:** Set clear stops and stick strictly to them to avoid heavy losses in the event of a sudden market reversal.
2. **Caution and Confirmation:** Wait for clear confirmation of level breaks before taking positions, especially in a context of moderate volatility.
Adopt a disciplined approach and don't let short-term market movements influence your decisions without in-depth analysis.
