XAUUSD data (Gold/Dollar)
Date : 2025-08-06
Opening : 3379.59
Higher up: 3385.25
Below: 3373.52
Closing : 3378.1

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Detailed analysis:
The 6 August 2025 session on the gold market (XAUUSD) is trending slightly lower, closing close to the open at 3378.10, after hitting a high of 3385.25 and a low of 3373.52. Volatility remains moderate, reflecting investor hesitation in the face of current macroeconomic and geopolitical uncertainties. Key support lies around 3370, while immediate resistance is at 3390.

The recent trend in the US dollar, influenced by market optimism about a possible interest rate cut, continues to weigh on gold. Expectations of a rate cut, fuelled by a slowdown in US inflation, are adding to the pressure on the precious metal. On the geopolitical front, no major escalation disrupted the markets, leaving gold without any significant external catalyst.

### Potential short-term scenarios :

1. **Bullish scenario:** If gold manages to break through resistance at 3390, it could target 3410 as its next objective. This scenario would be invalidated if gold fell back below 3370. Traders should keep an eye on US economic announcements that could affect the dollar.

2. **Range scenario:** Gold could move between 3370 and 3390, reflecting investors' expectations of greater clarity on monetary policy. The boundaries of this range should be monitored for a possible breakout.

3. **Bearish scenario:** A break below support at 3370 could accelerate the fall towards 3350. This scenario will be invalidated if gold manages to rise above 3390. Traders should be alert to any unexpected rise in the dollar.

### Risk management advice :

- Money Management:** Set tight stops to protect your capital, especially in an uncertain market. Don't risk more than 1-2% of your total capital on a single position.

- Wait for confirmation:** Avoid overtrading by waiting for clear confirmation before entering the market. Don't rush into unconfirmed moves, especially during major economic announcements.

In short, caution is the order of the day in the gold market, with particular attention being paid to key support and resistance levels and to economic news likely to influence the dollar, and therefore gold.