XAUUSD data (Gold/Dollar)
Date : 2025-08-07
Opening : 3371.54
Higher up: 3394.98
Below: 3368.36
Closing : 3386.18

Economic news :
Tariffs, Earnings And Fed Hopes Sway Market Sentiment
Dollar falls further on the week as the post-NFP fallout continues
GBP/USD: Pound Under Pressure Ahead of Bank of England Meeting

Detailed analysis:
On 7 August 2025, gold (XAUUSD) is showing a slightly upward trend, closing at 3386.18, after oscillating between a low of 3368.36 and a high of 3394.98. Recent volatility remains moderate, but could intensify with ongoing macroeconomic developments. Immediate support levels lie around 3365, while the key resistance to watch is near 3400.

The US dollar continues to weaken this week, influenced by the impact of non-farm payrolls data, which generally supports the price of gold. Uncertainty surrounding trade tariffs and expectations of Fed decisions add to the complexity of the picture. Traders should also keep an eye on geopolitical tensions and the potential impact of Bank of England meetings.

**Potential short-term scenarios:**

1. **Bullish scenario**: If gold manages to break through resistance at 3,400, the next target could be 3,425. This scenario would be invalidated by a return below 3365. Traders should pay close attention to US economic data, which could reverse the trend.

2. **Range scenario**: A consolidation between 3365 and 3400 is possible, with dominant sideways movements. Traders should watch for false breakouts at these levels, ensuring that breakouts are confirmed before acting.

3. **Bearish scenario**: A move below support at 3365 could trigger a correction towards 3340. This scenario would be invalidated by a close above 3400. Pitfalls include technical rebounds that could distort sell signals.

**Risk management advice:**

1. **Avoid overtrading**: In the current climate of uncertainty, it is crucial to restrict the number of positions open at any one time and to limit overall exposure.

2. **Wait for confirmation**: Before taking a position, make sure that key support or resistance levels have been convincingly breached, using volume indicators or complementary technical signals.

In conclusion, although the trend in gold currently looks positive, remain vigilant to fluctuations in the dollar and economic announcements. Adopt a disciplined, reactive approach to navigating this potentially volatile market.