XAUUSD data (Gold/Dollar)
Date : 2025-08-05
Opening : 3378.97
Higher up: 3389.58
Below: 3368.97
Closing : 3372.75

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, the gold market (XAUUSD) is showing a slightly downward trend, closing slightly below its opening level. Key levels to watch include major support at 3360 and resistance at 3390. Recent volatility remains moderate, influenced by disappointing US employment data, which is limiting the dollar's rebound. With hopes of a rate cut by the Fed, gold could benefit from upward pressure if the dollar continues to weaken.

**Potential short-term scenarios:**

1. **Bullish scenario:** If gold breaks through resistance at 3390, a move towards 3420 could be seen. Invalidation of this scenario would occur below 3365. Traders should keep a close eye on economic announcements that could weaken the dollar, thereby strengthening gold.

2. **Range scenario:** The market could move between 3360 and 3390. In this case, it would be prudent to wait for clear confirmation before taking positions, watching for reactions to support and resistance levels.

3. **Bearish scenario:** If support at 3360 gives way, gold could test the 3340 level. This scenario would be invalidated above 3395. This scenario could materialise if positive economic news or statements from the Fed cause the dollar to strengthen.

**Risk management advice:**

- Money Management:** Set precise stop-losses and stick to them rigorously to protect your capital against unexpected movements.

- Confirmation warning:** Avoid overtrading by waiting for clear signals before taking new positions, especially in a context of moderate volatility and uncertainty about Fed policies.

Adopting a disciplined and reactive approach to market developments is essential if you are to navigate effectively in the current session.