XAUUSD data (Gold/Dollar)
Date : 2025-07-31
Opening : 3292.2
Higher up: 3321.34
Below: 3288.88
Closing : 3308.04

Economic news :
GBP/USD Hits Lows: Weak UK Data and a Strong US Dollar Weigh on the Pound
GBP/USD, AUD/USD August Outlook: Seasonality Points to Renewed Downside Pressure
Strong Data Dims Fed Rate Cut Hopes

Detailed analysis:
Today, 31 July 2025, the gold market (XAUUSD) is trending slightly upwards, having opened at 3292.2 and closed at 3308.04. The precious metal recorded a high of 3321.34, while the low was 3288.88. This bullish momentum is mainly being influenced by a strong US dollar, impacting pairs such as GBP/USD and AUD/USD, and by robust economic data that is reducing expectations of a rate cut by the Fed.

### Key Supports and Resistances
- Immediate support**: 3288 (day's low)
- Immediate resistance**: 3320 (close to the day's high)
- Major support**: 3250
- Major resistance**: 3350

### Volatility and Risk Zones
Recent volatility has been moderate, but sharp movements could occur in the event of unexpected economic news. Traders should keep an eye on US economic announcements and any geopolitical developments likely to cause fluctuations.

### Potential scenarios

1. **Bullish scenario**.
- Levels to watch**: If the immediate resistance at 3320 is breached and held, this could open the way to 3350.
- Invalidation**: Return under 3288.
- Pitfalls to avoid**: A false breakout above 3320 without sufficient volume.

2. **Range Scenario
- Horns** : 3288 - 3320
- Levels to watch out for** : The ends of this range. Wait for confirmation of a break before taking a position.
- Pitfalls to avoid**: Don't get caught out by erratic movements in this range without confirmation.

3. **Cashier scenario
- Level to watch**: A break below 3288 could lead to a fall towards 3250.
- Invalidation**: Rebound above 3320.
- Traps to avoid** : Technical rebounds that are not supported by significant volumes.

### Risk Management Advice
1. **Wait for confirmation**: Before taking a position, wait for clear confirmation of a breakout or rebound on the key levels identified.
2. **Avoid overtrading**: Don't let the recent volatility push you to multiply your trades. Concentrate on market configurations that respect your trading plan.

In short, keep an eye on critical technical levels while incorporating the current macroeconomic impact into your trading strategy.