XAUUSD analysis - 2025-08-05 (11:49)

XAUUSD data (Gold/Dollar)
Date : 2025-08-05
Opening : 3378.97
Higher up: 3389.58
Below: 3358.32
Closing : 3360.22

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Detailed analysis:
The current session on the gold market (XAUUSD) is trending downwards. The closing price at 3360.22, after peaking at 3389.58 and bottoming at 3358.32, indicates selling pressure. Recent volatility remains moderate, but gold has shown notable fluctuations in response to movements in the US dollar and global macroeconomic conditions. At the moment, key levels to watch include major support around 3350, with immediate resistance near 3390.

Developments in the US dollar are crucial: a recent appreciation due to expectations of rate rises by the Federal Reserve has put pressure on gold. Furthermore, the apparent stability of geopolitical tensions is reducing gold's appeal as a safe-haven asset, while US macroeconomic announcements continue to support a strong dollar.

### Potential scenarios :

1. **Bullish scenario:** If the XAUUSD manages to break through and hold above 3390, we could envisage a bullish recovery towards 3420. This scenario would be invalidated if the XAUUSD were to fall back below 3350, indicating persistent weakness.

2. **Range scenario:** The market could move into a range between 3350 and 3390. Traders should watch for false break signals at the edges of this range, particularly if volume is low.

3. **Bearish scenario:** A clear break below support at 3350 could lead to a further fall towards 3320. This scenario would be invalidated by a return above 3390, which would signal a bullish reversal.

### Risk management advice :

- Be careful with position size:** Avoid overextending your positions in a market characterised by macroeconomic uncertainty. Use well-defined stops to limit potential losses.

- Wait for confirmation:** Before taking a position, wait for clear confirmation of key levels or reversal signals, to minimise the risk of false breakouts.

The gold market remains sensitive to changes in key interest rates and fluctuations in the dollar, so keep an eye out for major economic announcements that could impact on these factors.