XAUUSD data (Gold/Dollar)
Date : 2025-08-07
Opening : 3371.54
Higher up: 3372.29
Below: 3368.36
Closing : 3371.57

Economic news :
GBP/USD Forecast: 1.33 Reclaimed Ahead of BoE Decision
Futures Rebound As Dip Buyers Just Won't Stop
investingLive European markets wrap: A mixed mood in quiet trading

Detailed analysis:
Today, the gold market (XAUUSD) is showing a fairly neutral dynamic, opening at 3371.54 and closing at almost the same level, 3371.57. This stability suggests hesitation among investors, probably due to the expectation of the Bank of England's decision, which could have an indirect impact via movements in the dollar. Recent volatility has been relatively low, with limited fluctuations between 3368.36 and 3372.29. The key support and resistance levels to watch are 3365 for support and 3380 for resistance.

As regards the macroeconomic context, the US dollar looks stable but vigilant in the face of future monetary policy expectations. The recent rebounds in the futures markets indicate a certain appetite for risk, which could influence the positioning of traders in gold, traditionally seen as a safe haven. Inflation remains a cause for concern, but with no new data available immediately, its impact is limited for the time being.

**Potential short-term scenarios:**

1. **Bullish scenario**: If the price clearly breaks above resistance at 3380 with significant volume, gold could target the 3390 area. This scenario would be invalidated if the price broke back below 3365, suggesting persistent weakness.

2. **Range scenario**: Gold could move sideways between 3365 and 3380, indicating continued indecision. Traders should watch for breaks outside these boundaries to confirm a more defined trend.

3. **Bearish scenario**: A break below support at 3365 could lead to a fall towards 3350, which would be invalidated by a return above 3380, signalling renewed strength.

**Risk management advice:**

- Wait for confirmation**: Before taking a position, wait for a clear break of key levels (support/resistance) with increased volume to avoid false signals.

- Avoid overtrading**: With current relatively low volatility, it is crucial to select your positions carefully and not to multiply trades without a solid reason.

To sum up, caution is the watchword today, while we await clearer signals. Keep an eye on movements in the dollar and monetary decisions, which could alter the current momentum in gold.