XAUUSD data (Gold/Dollar)
Date : 2025-08-07
Opening : 3371.54
Higher up: 3383.24
Below: 3368.36
Closing : 3381

Economic news :
Global FX Market Summary: Dovish Federal Reserve (Fed), Political Uncertainty and Tariffs Influence Market Volatility 6 August 2025
GBP/USD Forecast: 1.33 Reclaimed Ahead of BoE Decision
Futures Rebound As Dip Buyers Just Won't Stop

Detailed analysis:
Today, gold (XAUUSD) is trending slightly upwards, closing at 3381, close to the day's high. Key levels to watch include major support around 3360 and resistance at 3390. Volatility has been moderate, but recent macroeconomic developments, notably the Fed's accommodative stance, are adding a layer of uncertainty. The US dollar, influenced by expectations of looser monetary policy, is currently supporting gold. However, political tensions and trade tariffs may introduce unpredictable movements.

### Potential scenarios :

1. **Bullish scenario:**
- Description:** If gold breaks above resistance at 3390, this could open the way to 3420.
- Invalidation:** Back under 3360.
- Levels to watch:** 3390 and 3420.
- Traps to avoid:** Beware of false breakouts above 3390 without significant volume.

2. **Range scenario:**
- Description:** Gold could oscillate between 3360 and 3390, pending clearer catalysts.
- Corners:** Support at 3360, resistance at 3390.
- Traps to avoid:** Avoid trading the extremes of the range without confirmation of a reversal.

3. **Bearish scenario:**
- Description:** A break below 3360 could lead to a fall towards 3340.
- Invalidation:** Rebound above 3390.
- Levels to watch:** 3360 and 3340.
- Traps to avoid:** Do not anticipate a break without confirmation of bearish momentum.

### Risk management advice :

- Money Management:** Use tight stops to protect capital, especially in uncertain market conditions.
- Confirmation:** Wait for clear confirmation before taking positions, particularly on economic announcements or major geopolitical events.

To sum up, although the current environment favours a slight rise, traders must remain vigilant in the face of potential volatility induced by macroeconomic and political conditions.