XAUUSD data (Gold/Dollar)
Date : 2025-07-31
Opening : 3292.2
Higher up: 3321.34
Below: 3288.88
Closing : 3299.41

Economic news :
Strong Earnings Lifts Market Sentiment
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

Detailed analysis:
Today's analysis of the gold market (XAUUSD) reveals a slightly bullish trend, closing at 3299.41 after reaching an intraday high of 3321.34. Key support and resistance levels are around 3288 and 3325 respectively. Recent volatility has been moderate, but gold remains sensitive to fluctuations in the US dollar, which has strengthened recently on the back of robust US economic data and sterling weakness. The macroeconomic environment, with expectations around policy rates and inflation, continues to influence market sentiment.

### Potential short-term scenarios :

1. **Bullish scenario:**
- Assumption:** If gold manages to break and hold above 3325, a further rise towards 3350 could be envisaged.
- Invalidation:** A return below 3288 would invalidate this bullish scenario.
- Levels to watch:** 3325 (resistance), 3350 (potential target).
- Traps to avoid:** Beware of false break signals above 3325 without significant volume.

2. **Range scenario:**
- Assumption:** Gold could oscillate between 3288 and 3325 if market conditions remain stable.
- Corners:** 3288 (support), 3325 (resistance).
- Levels to watch:** Holding of these limits, with trading potential between these levels.
- Pitfalls to avoid:** Avoid taking positions approaching the extremities without confirmation of a reversal.

3. **Cashier scenario:**
- Hypothesis:** A sharp break below 3288 could trigger a move towards 3260.
- Invalidation:** A rebound above 3325 would invalidate this bearish scenario.
- Levels to watch:** 3288 (critical support), 3260 (potential target).
- Traps to avoid:** Beware of rapid technical rebounds after a support break.

### Risk management advice :

- Money Management:** Reduce the size of your positions to limit exposure to unexpected movements, especially in a climate of moderate but uncertain volatility.
- Wait for confirmation:** Before committing to a breakout, wait for a daily close or confirmation by volume to validate the move.

To sum up, although gold is showing a slight uptrend today, it is crucial to remain cautious and monitor key levels, bearing in mind the potential influence of fluctuations in the dollar and macroeconomic data.