XAUUSD data (Gold/Dollar)
Date : 2025-08-04
Opening : 3363.4
Higher up: 3384.39
Below: 3348.8
Closing : 3375.56

Economic news :
GBP/USD Outlook: Dollar's Slide Fuels Pound Rally
Dollar momentum quelled after the weak US jobs report
Monday open levels, indicative FX prices, 04 August 2025

Detailed analysis:
On Tuesday 4 August 2025, the gold market (XAUUSD) is trending slightly upwards. The close at 3375.56, after a low of 3348.8 and a high of 3384.39, shows renewed buying interest. Key support levels are around 3348 and 3320, while resistances to watch are at 3385 and 3400.

The recent weakness in the US dollar, exacerbated by a disappointing US jobs report, has put upward pressure on gold. Inflation remains a factor to watch, but current policy rates do not appear to be moving in the short term, supporting gold's appeal as a safe-haven asset. On the geopolitical front, no major tensions are currently disrupting the markets.

### Potential short-term scenarios :

1. **Bullish scenario:**
- Conditions:** If the price breaks and closes above 3385, a continuation towards 3400 and potentially 3420 is conceivable.
- Invalidation:** A fall back below 3348 would invalidate this scenario.
- Traps to avoid:** Beware of false breaks above 3385 without significant volume.

2. **Range scenario:**
- Conditions:** If the price fluctuates between 3348 and 3385, the market could move sideways.
- Corners:** Support at 3348 and resistance at 3385.
- Pitfalls to avoid:** Don't get caught out by sudden movements linked to economic announcements.

3. **Cashier scenario:**
- Conditions:** A break below 3348 could lead to a fall towards 3320.
- Invalidation:** A rise above 3385 would invalidate this scenario.
- Traps to avoid:** Beware of technical bounces near key supports.

### Risk management advice :

- Position size management:** Adjust the size of your positions according to current volatility to avoid excessive exposure.
- Patience and confirmation:** Wait for confirmation that key levels have been broken before initiating new positions to avoid market traps.

In conclusion, the current environment calls for close attention to technical levels and market reactions to economic news. Adopt a measured approach and keep abreast of economic developments.