XAUUSD data (Gold/Dollar)
Date : 2025-08-05
Opening : 3378.97
Higher up: 3393.62
Below: 3353.8
Closing : 3387.24

Economic news :
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Technical Outlook on USD/JPY, GBP/USD, BTC/USD

Detailed analysis:
Today's analysis of the gold market (XAUUSD) reveals a slightly bullish trend, closing at 3387.24, close to the day's high of 3393.62. The key support and resistance levels to watch are 3353.80 and 3395.00 respectively. Recent volatility remains moderate, but traders' attention is focused on hopes of a cut in key interest rates, which are having a favourable influence on gold because of the prospect of a weaker dollar.

Recent trends in the US dollar have been marked by slight downward pressure, exacerbated by expectations of interest rate cuts. This dynamic, combined with persistent geopolitical uncertainties, is supporting demand for gold. However, it is crucial to keep an eye on future US macroeconomic data, which could quickly change market sentiment.

### Potential short-term scenarios :

1. **Bullish scenario:**
- Levels to watch:** If the price breaks through resistance at 3395.00, a move towards 3410.00 is likely.
- Invalidation:** A return below 3355.00 would invalidate this scenario.
- Pitfalls to avoid:** Beware of false bullish signals in the event of stronger-than-expected US economic data.

2. **Range scenario:**
- Horns:** Between 3355.00 and 3395.00.
- Strategy:** Monitor reactions to bounds for bounces or breaks.
- Traps to avoid:** Avoid trading in the middle of the range without a clear signal.

3. **Bearish scenario:**
- Levels to watch:** A break below 3353.80 could lead to a drop towards 3330.00.
- Invalidation:** A return above 3390.00 would invalidate this scenario.
- Traps to avoid:** Do not rush into bearish positions without confirmation of a clear break.

### Risk management advice :

1. **Money Management:** Use tight stops to protect capital, especially in a context of moderate but potentially changing volatility.

2. **Wait for confirmation:** Avoid overtrading by waiting for clear confirmation of the scenarios you are considering, especially near identified key levels.

Adopt a cautious approach, while keeping an eye on economic indicators that could quickly influence the direction of the gold market.