XAUUSD data (Gold/Dollar)
Date : 2025-08-09
Opening : 3387.21
Higher up: 3393.8
Below: 3375
Closing : 3386.48

Economic news :
investingLive European markets wrap: Dollar, stocks steady in final stretch of the week
Markets Oscillate Between Trade War Fears And Fed Cut Hopes
Sterling and aussie look to shake off the seasonal blues this year

Detailed analysis:
Today on the gold market (XAUUSD), the trend looks relatively neutral, with a slight bearish tilt due to the lower close compared with the open. Key levels to watch include support at 3375 and major resistance at 3393.8. Volatility was moderate, with movements contained within a narrow range. Traders should keep an eye on fluctuations in the dollar, which remains stable at the end of the week, as well as developments surrounding the trade wars and expectations of rate cuts by the Fed, which continue to weigh on the market.

**Potential short-term scenarios:**

1. **Bullish scenario:** If the price manages to break through resistance at 3393.8 with significant volume, the trend could become bullish, with a potential target at 3405. This scenario would be invalidated if the price were to fall back below 3380, indicating persistent weakness in demand.

2. **Range scenario:** The market could oscillate between 3375 and 3393.8, indicating a consolidation. Traders will need to watch the ends of this range for breakout signals. Beware of false signals around these levels, which could trap unwary traders.

3. **Bearish scenario:** If support at 3375 is broken, gold could accelerate downwards towards 3360. This scenario would be invalidated by a return above 3385, signalling a resumption of buying strength.

**Risk management advice:**

- Avoid overtrading:** Given the moderate volatility, it is crucial not to multiply positions without good reason. Concentrate on clear patterns and wait for confirmation before committing to large trades.

- Patience and discipline:** Wait for confirmation of key levels before taking positions. Don't give in to impatience, particularly in a range market or when critical levels are being tested.

To sum up, although the gold market is currently experiencing uncertain dynamics, traders need to remain alert to key levels and influential macroeconomic factors. A cautious and disciplined approach is essential to navigate these conditions.