XAUUSD data (Gold/Dollar)
Date : 2025-08-02
Opening : 3361.89
Higher up: 3369.98
Below: 3355.58
Closing : 3364.29

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, gold (XAUUSD) is showing a slight uptrend, closing at 3364.29 after oscillating between a low of 3355.58 and a high of 3369.98. Volatility remains moderate, but the expectation of the US employment report could lead to more pronounced fluctuations. The US dollar is holding steady, which is limiting sharp movements in gold for the time being.

### Key Supports and Resistances
- Major support**: 3350, a crucial level which, if broken, could lead to further downward pressure.
- Immediate resistance**: 3370, a break above this threshold could confirm stronger bullish momentum.

### Economic and Geopolitical Context
Concerns about tariffs continue to weigh on the markets, creating an uncertain environment. The dollar remains stable ahead of the publication of the US employment report, which could influence expectations regarding the Fed's key interest rates, indirectly impacting gold. Geopolitical tensions and economic uncertainties are keeping gold as a safe-haven asset.

### Potential scenarios

1. **Bullish scenario**.
- Hypothesis**: If gold rises above 3370, we could see an extension towards 3385.
- Invalidation**: Back below 3355.
- Levels to watch**: 3375 (first target), 3385 (second target).
- Trap to avoid**: The false break above 3370 without sufficient volume.

2. **Range Scenario
- Hypothesis**: Gold oscillates between 3350 and 3370.
- Corners**: Support at 3350, resistance at 3370.
- Levels to watch out for**: 3360 as a central pivot.
- Pitfall to avoid**: Entering positions before a range break is confirmed.

3. **Cashier scenario
- Hypothesis**: If gold breaks below 3350, we could move down towards 3335.
- Invalidation**: Rise above 3370.
- Levels to watch**: 3345 (first target), 3335 (second target).
- Pitfall to avoid**: Rushing to sell without confirmation below 3350.

### Risk Management Advice
- Adopt a cautious approach**: Wait for the employment report to be published before taking a position, as this could have a major impact on the market.
- Avoid overtrading**: The market could be erratic today. Limit your trades and respect your stops to avoid unexpected losses.