XAUUSD data (Gold/Dollar)
Date : 2025-08-01
Opening : 3299.42
Higher up: 3302.21
Below: 3289.61
Closing : 3290.4

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, gold (XAUUSD) is trending slightly lower. The price opened at 3299.42 and closed at 3290.4, after testing a low of 3289.61. Immediate resistance lies around 3302, while key support is seen at 3285. Recent volatility remains moderate, but fluctuations in the US dollar, bolstered by strong US corporate earnings, are increasing the downward pressure on gold.

On the macroeconomic front, the US dollar is strengthening, fuelled by robust US economic data and the Fed's continued high interest rate outlook. Inflation remains a concern, but recent figures show a slight stabilisation. On the geopolitical front, few new tensions are likely to influence the gold market in the short term.

**Potential short-term scenarios:**

1. **Bullish scenario:** If gold manages to break through resistance at 3302 with conviction, a move towards 3315 could follow. This scenario would be invalidated by a move back below 3290. Traders should watch for reversal signals near resistance zones to avoid false signals.

2. **Range scenario:** Gold could move in a range between 3285 and 3302. The boundaries of this range will serve as critical levels to watch. Traders should be wary of false breakouts and wait for confirmation of closes above these levels before taking positions.

3. **Bearish scenario:** A break below support at 3285 could open the way for a fall towards 3270. This would be invalidated by a return above 3295. Traders should avoid selling into oversold conditions without confirmation.

**Risk management advice:**

- Capital management:** Limit exposure to a fraction of your total capital to avoid heavy losses in the event of adverse movements. Use protective stops for each position.

- Avoid overtrading:** Be selective when taking positions. Wait for clear confirmation before entering the market and don't get carried away by emotion or haste.

In short, stay alert to movements in the dollar and critical technical levels so that you can adapt your trading strategy accordingly.