XAUUSD data (Gold/Dollar)
Date : 2025-08-02
Opening : 3361.89
Higher up: 3369.98
Below: 3355.58
Closing : 3362.8

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 slightly upward trend, supported by a close above its opening at 3362.8. The precious metal appears to be benefiting from solid technical support around the 3355 level, while immediate resistance lies at 3370. Volatility remains moderate as we await the US employment report, which could trigger some sharp movements.

The US dollar's recent performance has remained stable despite fluctuations on European stock markets and concerns about tariffs, which continue to agitate financial markets. The outlook for inflation and the decisions of central banks, particularly the Federal Reserve, remain critical factors to watch. At the same time, geopolitical and trade tensions persist, adding a layer of uncertainty that could influence investors towards gold as a safe haven.

**Potential short-term scenarios:**

1. **Bullish scenario:** If gold manages to break through resistance at 3370, it could target the next objective at 3385. This scenario would be invalidated if the price fell back below 3355, indicating a lack of support from buyers. Traders should watch reactions around 3370 to confirm a valid break.

2. **Range scenario:** The price could oscillate between 3355 and 3370 if macroeconomic conditions remain unchanged and the employment report does not cause any major surprises. Traders should then focus on the extremities of this range to exploit the return movements.

3. **Bearish scenario:** A break below the 3355 support level could push gold towards the 3340 level, with a reversal if the price rebounds above 3370. Traders should pay close attention to US economic data, which could strengthen the dollar, putting downward pressure on gold.

**Risk management advice:**

- Avoid overtrading:** Don't multiply your positions without good reason. Wait for clear and valid signals before entering the market. Patience is crucial to avoid market traps.

- Use smart stops:** Place stop-loss orders at strategic levels to protect your capital. Make sure these levels are based on sound technical analysis, not emotion or guesswork.

To sum up, although gold is showing a slight uptrend, caution is called for in view of macroeconomic and geopolitical uncertainties. Traders must remain vigilant and ready to adjust their strategies in line with new economic data.