XAUUSD data (Gold/Dollar)
Date : 2025-08-04
Opening : 3363.4
Higher up: 3368.8
Below: 3358
Closing : 3362.99

Economic news :
Monday open levels, indicative FX prices, 04 August 2025
GBP/USD Weekly Forecast: On the Back Foot as BoE Cut Nears
GBP/USD Price Analysis: Pound Relieved on Weak Jobs Data

Detailed analysis:
At the start of this week, gold (XAUUSD) is showing a slightly downward trend, closing close to its opening level after oscillating between a high of 3368.8 and a low of 3358. Volatility remains moderate, but there are several key levels to keep an eye on: immediate support at 3358 and resistance at 3368.8, as these levels frame the precious metal's recent movements.

The macroeconomic context influences these movements. The US dollar remains relatively strong, which is weighing on gold. At the same time, expectations of a possible rate cut by the Bank of England, following disappointing employment data, are contributing to an uncertain environment. There are no major geopolitical escalations to report at present, leaving gold to react mainly to economic influences.

**Possible scenarios:**

1. **Bullish scenario**: If gold manages to break through resistance at 3368.8, it could target the next key zone around 3375. This scenario would be invalidated if gold were to fall back below 3360, signalling a failure to maintain the bullish momentum.

2. **Range scenario**: Gold could continue to fluctuate between 3358 and 3368.8, with traders looking to capitalise on these bounds. A break of either boundary would indicate an exit from the range, necessitating a re-evaluation of positions.

3. **Bearish scenario**: A break of support at 3358 could lead to a fall towards 3350, or even 3345 in extension. This scenario would be invalidated if gold returned above 3365, indicating renewed buying pressure.

**Risk management advice:**

- Adopt a cautious approach**: Wait for clear confirmation before taking positions, especially around identified support and resistance levels.
- Manage your exposure**: Avoid overtrading by limiting the number of positions open simultaneously and adjusting your lot sizes according to current volatility.

These strategies and precautions should help you to manage your gold trading in the best possible way for this session.