XAUUSD data (Gold/Dollar)
Date : 2025-08-01
Opening : 3299.42
Higher up: 3306.39
Below: 3289.05
Closing : 3300

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:
At the start of the day on 1 August 2025, gold (XAUUSD) is showing a slightly bullish trend following the close near 3300, marking a rebound after testing a low at 3289.05. Traders should keep an eye on resistance at 3306.39, which is also the day's high, and key support at 3289.05. Recent volatility remains moderate, but the macroeconomic environment, bolstered by solid corporate earnings and a strong US dollar, could introduce more pronounced movements.

The impact of a strong dollar, exacerbated by weak economic data from the UK, is weighing on other currencies and could continue to influence gold. In addition, optimism in the equity markets following good corporate results is putting pressure on gold as a safe-haven asset.

**Potential short-term scenarios:**

1. **Bullish scenario:** If gold manages to break through and hold above resistance at 3306.39, it could target the 3315 area. This scenario would be invalidated if the price fell back below 3290, indicating a return of selling pressure. Traders should be wary of false breaks above resistance.

2. **Range scenario:** Gold could oscillate between 3289 and 3306.39, consolidating after recent movements. Traders should monitor reactions to these limits to identify possible range breaks. Watch out for false exits during the Asian or European session.

3. **Bearish scenario:** A clear break below support at 3289 could lead to a fall towards 3280, especially if risk appetite remains strong on the equity markets. This scenario would be invalidated if the price rises above 3305. Traders should avoid selling too low in the movement, while waiting for confirmation of the break of support.

**Risk management advice:**

1. **Wait for confirmation:** Avoid taking positions on unconfirmed levels. Wait for an hourly close to confirm a break before acting.

2. **Strict money management:** Set tight stops and respect your loss limits to avoid the psychological impact of a volatile trading day. Don't let a losing position compromise your trading capital.

In conclusion, although current sentiment is slightly bullish, remain vigilant to macroeconomic and geopolitical influences, which can quickly change market dynamics.