XAUUSD data (Gold/Dollar)
Date : 2025-08-04
Opening : 3363.4
Higher up: 3368.8
Below: 3348.8
Closing : 3364.07

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 the session on 4 August 2025, the gold market (XAUUSD) is showing a slight uptrend, closing at 3364.07 after oscillating between a low of 3348.8 and a high of 3368.8. The key support and resistance levels to watch are 3348 and 3369 respectively. Volatility remains moderate, but traders' attention is required in view of the recent fluctuations in the US dollar and expectations regarding key interest rates.

The US dollar is showing signs of weakness, influenced by the prospect of the Fed's accommodative monetary policy, which could support gold prices. On the geopolitical front, although tensions are currently moderate, any escalation could quickly impact the market. The US macroeconomy, with relatively stable inflation figures, continues to play a crucial role in gold's movements.

### Potential short-term scenarios :

1. **Bullish scenario:** If gold manages to break through and hold above key resistance at 3369, a move towards 3385 could be envisaged. This scenario would be invalidated by a move back below 3350. Traders should keep an eye on US economic announcements, which could strengthen the dollar and invalidate this rise.

2. **Range scenario:** Gold could move sideways between 3348 and 3369. Traders could exploit oscillations between these limits, but should be wary of false breakouts, particularly around major economic announcements.

3. **Bearish scenario:** If support at 3348 is broken, gold could test lower levels around 3330. This scenario would be invalidated by a return above 3360. Reassuring economic forecasts for the US economy could reinforce this downward movement.

### Risk management advice :

- Take a cautious approach:** Wait for clear confirmation of movements before taking positions. This could mean waiting for a second test of key levels before entering the market.

- Avoid overtrading:** In a context of moderate volatility, limiting the number of trades can help reduce risk. Concentrate on well-defined trading configurations and stick to your stops.

To sum up, although gold is currently showing a slight uptrend, traders need to keep a close eye on economic and geopolitical developments, which could quickly change the market's dynamic.