XAUUSD data (Gold/Dollar)
Date : 2025-08-02
Opening : 3361.89
Higher up: 3369.98
Below: 3355.58
Closing : 3361.38

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 neutral trend, hovering around its opening level with a slight contraction in volatility. The support and resistance levels to watch are 3355.58 and 3369.98 respectively, corresponding to the day's lows and highs. The recent stability of the US dollar, combined with the expectation of the US employment report, seems to be keeping gold in this narrow range. Concerns about tariffs are adding a layer of complexity to the markets, without causing any major movements in gold for the time being.

The macroeconomic context, notably stable key rates and moderate inflation, continues to provide moderate support for gold. However, anticipation of the US employment report could trigger increased volatility if the figures deviate from expectations. On the geopolitical front, trade tensions could also influence flows into safe-haven assets such as gold.

### Potential short-term scenarios :

1. **Bullish scenario**: If gold breaks through resistance at 3369.98 with a close above this level, this could signal upside potential towards 3380. This scenario would be invalidated if the price breaks back below 3361. In this case, extra caution is advised, as a false signal could quickly reverse the trend.

2. **Range Scenario** : The market could remain confined between 3355.58 and 3369.98, pending significant economic news. In this scenario, it would be wise to play bounces within this range while avoiding positions on the break until clear confirmation is given.

3. **Bearish scenario**: A clear break of support at 3355.58 could pave the way for a fall towards 3345. This scenario would be invalidated by a return above 3361.38, suggesting a false breakout. In this case, watch for signs of a recovery to avoid being trapped by a false breakout.

### Risk management advice :

- Wait for confirmation**: Before taking a position, wait for clear confirmation of key level breakouts to avoid the pitfalls of false signals, especially in a context of potentially increased volatility.

- Avoid overtrading**: Limit the number of trades so as not to overexpose yourself, especially in a market that could remain undecided until key economic data is published. Patience is often rewarded in uncertain market conditions.

In short, today's session calls for a cautious approach, given the continuing economic and geopolitical uncertainties.