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

Economic news :
GBP/USD Weekly Forecast: On the Back Foot as BoE Cut Nears
GBP/USD Price Analysis: Pound Relieved on Weak Jobs Data
investingLive European markets wrap: Stocks stumble, dollar steady ahead of US jobs report

Detailed analysis:
Today, gold (XAUUSD) is showing a neutral trend, closing very close to its opening price at 3361.38. Recent fluctuations have been relatively contained, with a high at 3369.98 and a low at 3355.58, indicating moderate volatility. Key levels to watch include support at 3350 and resistance at 3375.

The US dollar remains stable as we await the US jobs report, which could influence the direction of the gold market. Recent economic data, notably weaker UK employment figures, have kept pressure on sterling, but gold's momentum remains mainly influenced by the dollar and US interest rates. At present, expectations of a stable monetary policy from the Fed are limiting gold's movements.

### Potential short-term scenarios :

1. **Bullish scenario:** If the price of gold manages to break through resistance at 3375, it could target the 3390 area. This scenario would be invalidated by a return below 3355. Buyers should watch for a clear breakout with sustained volume to avoid false breakout traps.

2. **Range scenario:** Gold could continue to move between 3350 and 3375. In this case, traders should watch out for a possible tightening of this range, signalling an accumulation before a larger move. The limits to watch are 3350 and 3375, with particular attention to false breaks at the extremes.

3. **Bearish scenario:** A break below support at 3350 could take gold towards the 3330 area. This scenario would be invalidated if the price breaks back above 3365. Sellers should be wary of quick technical rebounds and look for further confirmation before committing themselves.

### Risk management advice :

- Wait for confirmation:** Before taking a position, wait for a clear signal of confirmation of the trend, particularly through higher volumes or sustained movements above key levels.

- Avoid overtrading:** With current moderate volatility, it is crucial not to overtrade. Prefer well-defined positions with tight stops to manage risk effectively and preserve capital.

In conclusion, caution is the watchword today, with potential movements depending heavily on the forthcoming US economic data. Remain attentive to the announcements and adjust your strategies accordingly.