XAUUSD data (Gold/Dollar)
Date : 2025-08-02
Opening : 3361.89
Higher up: 3365.78
Below: 3361.6
Closing : 3365.78

Economic news :
investingLive European markets wrap: Stocks stumble, dollar steady ahead of US jobs report
Tariff Jitters Rattle Markets
GBP/USD: Downtrend Intensifies Amid Bearish Pattern Confirmation

Detailed analysis:
Today, the gold market (XAUUSD) is trending slightly upwards, closing at 3365.78 after opening at 3361.89. Volatility remains moderate, but traders' attention is focused on the expected US economic data, in particular the employment report, which could influence the dollar and, consequently, gold. Trade tensions persist, adding a layer of uncertainty to the markets.

Key levels to watch include immediate support around 3361, with crucial resistance at 3370. The area around 3350 could also serve as secondary support in the event of a retracement. Geopolitical risks, in particular tariff tensions, could accentuate gold's movements if the situation were to change abruptly.

**Potential short-term scenarios:**

1. **Bullish scenario:**
- If gold manages to break through and hold above 3370, a continuation towards 3380 is conceivable.
- Invalidation: A return below 3361 would invalidate this bullish scenario.
- Level to watch: Upcoming US economic data, which could boost the dollar and influence gold.

2. **Range scenario:**
- Gold could move between 3361 and 3370, in the absence of a major catalyst.
- Traders should be wary of false breaks, especially around economic announcements.
- Terminals: 3361 - 3370.

3. **Bearish scenario:**
- If it breaks below 3361, gold could target 3350.
- Invalidation: A rise above 3370 would jeopardise this scenario.
- Level to watch: The dollar's potential strength, especially if the employment figures are better than expected.

**Risk management advice:**

- Money Management**: Set tight stop-losses to protect against sudden movements linked to economic announcements.
- Caution on overtrading**: Avoid multiplying positions before the publication of the US employment report. Wait for confirmation of the trend before committing yourself fully.