XAUUSD data (Gold/Dollar)
Date : 2025-08-06
Opening : 3379.59
Higher up: 3385.25
Below: 3378
Closing : 3378.99

Economic news :
Futures Rise Again Because Why Not
Rate Cut Hopes Dominate Market Sentiment
B2PRIME Unveils Q2 2025 Growth as Founder Shares Key Milestones

Detailed analysis:
Today, the gold market (XAUUSD) is trending slightly lower, closing at 3378.99 after peaking at 3385.25. Recent volatility remains moderate, but traders should keep an eye on key support levels at 3370 and resistance at 3390. Recent fluctuations in the US dollar, influenced by hopes of a rate cut and the relative stability of inflation in the United States, are playing a crucial role in gold's performance. For the time being, no major geopolitical events appear to be disrupting the market.

**Potential short-term scenarios:**

1. **Bullish scenario:** If the price breaks through resistance at 3390 with significant volume, a move towards 3405 could be envisaged. However, this scenario would be invalidated by a return below 3375. Watch for confirmation with a firm break above 3390.

2. **Range Scenario:** The market could oscillate between 3370 and 3390. Traders should be cautious around these boundaries, as false breakouts could occur. Waiting for clear signals before entering the market is essential.

3. **Bearish scenario:** A break of support at 3370 could trigger a fall towards 3355. This scenario would be invalidated by a return above 3385. Beware of technical rebounds, which could trap aggressive sellers.

**Risk management advice:**

- Money Management:** Use tight stops to protect capital in these uncertain conditions, and don't risk more than 1% of your capital on a single position.
- Confirmation before Action:** Wait for clear confirmation before committing to a position, especially near identified support and resistance levels, to avoid false signals.

To sum up, although the market is showing a slight downward trend, it is crucial to remain vigilant in the face of conflicting signals and to manage risks carefully.