XAUUSD data (Gold/Dollar)
Date : 2025-08-07
Opening : 3371.54
Higher up: 3393.8
Below: 3368.36
Closing : 3393.8

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's movements on the gold market (XAUUSD) indicate a bullish trend, marked by a close above the open, with the closing price at 3393.8 after reaching an intraday high of 3393.8. Key support lies around 3368, while major resistance is set at 3400. Recent volatility has been moderate, but could intensify as a result of political uncertainty and recent accommodative comments from the US Federal Reserve.

Developments in the US dollar, weakened by the Fed's dovish stance, continue to support gold's rise. In addition, global political uncertainty and concerns about tariffs are increasing gold's appeal as a safe-haven asset. On the macroeconomic front, expectations that interest rates in the United States will remain unchanged or fall are also reinforcing the current uptrend.

### Potential short-term scenarios :

1. **Bullish scenario:**
- Levels to watch:** If the price breaks above resistance at 3400, a continuation towards 3425 is conceivable.
- Invalidation:** This scenario would be invalidated if the price fell below 3368.
- Traps to avoid:** Beware of false break signals above 3400 without significant volume.

2. **Range scenario:**
- The price could oscillate between 3368 and 3400.
- Levels to be monitored:** Monitor reactions near the terminals to detect any breaks.
- Traps to avoid:** Do not anticipate a break without clear confirmation, especially in a context of moderate volatility.

3. **Bearish scenario:**
- Levels to watch:** If support at 3368 is broken, the price could move towards 3340.
- A close above 3,400 would invalidate this scenario.
- Pitfalls to avoid:** Don't rush to sell on a single wick below 3368 without closing confirmation.

### Risk management advice :

- Adopt prudent capital management:** Limit your exposure per position to a reasonable percentage of your total capital to minimise losses in the event of adverse movements.

- Wait for confirmation:** Before taking a position, wait for clear confirmation of price movements to avoid the pitfalls of false signals, especially at a time when markets are influenced by complex geopolitical and economic factors.

To sum up, although the current uptrend is reinforced by a weakening dollar and political uncertainties, it is crucial to remain vigilant at key levels and to follow a disciplined approach to risk management.