XAUUSD data (Gold/Dollar)
Date : 2025-07-31
Opening : 3292.2
Higher up: 3302.52
Below: 3288.88
Closing : 3302.2

Economic news :
Strong Data Dims Fed Rate Cut Hopes
investingLive European markets wrap: A more muted mood with big events coming up
What Every Trader Should Master Before Entering a Volatile FX Market

Detailed analysis:
Gold (XAUUSD) is on an uptrend today, closing at 3302.2 after hitting a daily high of 3302.52. This movement is being supported by robust economic data in the United States, which has reduced hopes of an imminent interest rate cut by the Fed. With moderate volatility, traders should keep an eye on key levels: immediate support lies around 3288, while resistance is strengthening at 3310.

The recent trend in the US dollar, supported by solid economic data, is exerting moderate pressure on gold, although inflation remains a concern. In addition, European markets are in a more subdued mood, awaiting major economic events to come, which could indirectly influence the gold market.

### Potential Short-Term Scenarios :

1. **Bullish scenario:** If the price breaks above resistance at 3310, a potential rally towards 3325 could materialise. However, a close below 3288 would invalidate this bullish scenario. Traders should remain vigilant for fluctuations in the dollar, which could reverse this trend.

2. **Range scenario:** If gold stabilises, it could move between 3288 and 3310. This consolidation would offer trading opportunities within these limits, but beware of false breakouts, particularly in reaction to unexpected economic announcements.

3. **Bearish scenario:** If gold breaks support at 3288, a fall towards 3270 could be triggered. This scenario would be invalidated by a close above 3310. Traders should keep an eye on US economic data, which could accentuate selling pressure.

### Risk Management Advice :

1. **Caution and confirmation:** Wait for clear confirmation before taking a position, especially in a market influenced by macroeconomic announcements. Premature anticipation can lead to costly mistakes.

2. **Money Management:** Set strict stop-losses to protect your capital and avoid overtrading in periods of high volatility. Concentrate on the quality of your trades rather than the quantity.

In short, keep a close eye on economic and geopolitical developments that could impact the gold market, and adapt your strategies accordingly.