XAUUSD data (Gold/Dollar)
Date : 2025-08-05
Opening : 3378.97
Higher up: 3381.15
Below: 3368.97
Closing : 3380.9

Economic news :
Weak Jobs Data Limits Dollar's Rebound
Markets Buoyed By Fed Rate Cut Hopes
GBP/USD Outlook: Dollar's Slide Fuels Pound Rally

Detailed analysis:
Today, gold (XAUUSD) is trending slightly higher, supported by a weaker US dollar following disappointing US employment data. The market is now hoping for a Fed rate cut, which generally supports gold as a safe-haven asset. Key levels to watch include support around USD 3,368 and resistance near USD 3,381. Volatility remains moderate, but fluctuations could occur if new economic or geopolitical information emerges.

### Potential scenarios

1. **Bullish scenario:**
- Assumption:** If the gold price manages to break through resistance at USD3,381 with significant volume, a continuation towards USD3,400 could be triggered.
- Invalidation:** A return below USD 3368 would invalidate this bullish scenario, suggesting persistent weakness.
- Pitfalls to avoid:** Do not enter a long position without confirmation of a clear breakout above USD 3381.

2. **Range scenario:**
- Assumption:** Gold could swing between USD3,368 and USD3,381 if market players wait for more clarity on the Fed's decisions.
- Bars:** Support at USD 3368, resistance at USD 3381.
- Traps to avoid:** Beware of false break signals in the middle of the range.

3. **Cashier scenario:**
- Assumption:** In the event of an unexpected strengthening of the dollar or hawkish statements from the Fed, a fall below USD 3368 could lead to a drop towards USD 3350.
- Invalidation:** A rise above USD 3381 would invalidate this bearish scenario.
- Traps to avoid:** Avoid selling aggressively without confirmation of a net break below USD 3368.

### Risk Management Advice

1. **Money Management:** Set tight stops to limit potential losses, especially in a context of moderate volatility where movements can be unpredictable.

2. **Wait for clear confirmation of key levels before entering the market. Avoid overtrading by remaining alert to potential reversal signals.

Adopt a cautious approach and keep an eye on economic and political developments that could influence the price of gold.