XAUUSD data (Gold/Dollar)
Date : 2025-08-16
Opening : 3329.35
Higher up: 3335
Below: 3328.96
Closing : 3333.63
Economic news :
investingLive European markets wrap: Dollar eases lower ahead of US retail sales
Dollar gives back a chunk of its gains from the day before
Strong US PPI Jolts Global Markets, Gold Slides as Fed Dovish Hopes Fade
Detailed analysis:
Analysis of the gold market today reveals a slightly bullish trend, with the price closing at 3333.63, up on the opening. The day's movement was influenced by a weaker dollar following lower expectations for the Fed's monetary policy, although the publication of a robust US PPI had previously shaken the markets.
**Key supports and resistances:**
- Immediate support: 3328
- Main resistance: 3340
**Recent volatility:**
Volatility remains moderate, but could increase with the imminent publication of US retail sales. Traders should keep an eye on fluctuations in the dollar and interest rate expectations.
**Areas at risk to be monitored:**
- Impact of US retail sales data
- Any major geopolitical developments that could affect market sentiment
**Potential short-term scenarios:**
1. **Bullish scenario:**
- Levels to watch:** A sustained break above 3340 could open the way to 3355.
- Invalidation:** Return under 3328.
- Pitfalls to avoid:** Potential overbought if the uptrend is too rapid without consolidation.
2. **Range scenario:**
- Corners:** Between 3325 and 3340.
- Pitfalls to avoid:** Do not anticipate a break without clear confirmation.
3. **Bearish scenario:**
- Levels to watch:** A break below 3328 could lead to a test of support at 3315.
- Invalidation:** Back above 3340.
- Traps to avoid:** Hasty sales without confirmation of the downtrend.
**Risk management advice:**
1. **Caution with overtrading:** With volatility likely to increase, avoid multiplying positions for no good reason.
2. **Confirmation before action:** Wait for clear technical signals before committing yourself, especially in critical support or resistance zones.
