XAUUSD data (Gold/Dollar)
Date : 2025-08-16
Opening : 3329.35
Higher up: 3336.01
Below: 3327.21
Closing : 3331.25
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:
Today, gold (XAUUSD) is trending slightly upwards after opening at 3329.35 and closing at 3331.25, despite moderate volatility. The US dollar, after losing some of its recent gains, continues to influence this market. The recent publication of a strong US PPI has shaken global markets, calling into question hopes of a more accommodative monetary policy from the Fed.
### Key Supports and Resistances :
- Immediate support**: 3327.00
- Immediate resistance** : 3336.00
- Major support**: 3300.00
- Major resistance**: 3350.00
### Volatility and Risk Zones :
Volatility is moderate, but traders should keep an eye on developments around US retail sales, which could accentuate movements. Areas at risk include levels close to 3300 in the event of a bearish reversal.
### Potential Short-Term Scenarios :
1. **Bullish scenario** :
- Hypothesis**: Gold breaks through resistance at 3336.00.
- Level to watch**: 3350.00, with a potential move to 3365.00.
- Invalidation**: Return under 3327.00.
- Pitfall to avoid**: A false breakout above 3336.00 without significant volume.
2. **Range Scenario** :
- Hypothesis**: Gold oscillates between 3325.00 and 3336.00.
- Corners**: 3325.00 support and 3336.00 resistance.
- Pitfall to avoid**: Overtrading in this zone without breakout confirmation.
3. **Cashier scenario**:
- Assumption**: Break below 3327.00.
- Level to watch**: 3300.00, with potential for 3285.00.
- Invalidation**: Rise above 3336.00.
- Pitfall to avoid**: Hasty sell-off if the break is not confirmed by volumes.
### Risk Management Advice :
- Money Management**: Set tight stops to limit potential losses, especially during key economic announcements.
- Wait for Confirmation**: Before taking a position, wait for confirmation of the trend by price and volume to avoid false signals.
In short, keep a close eye on US economic developments and the reaction of the dollar, which will continue to influence gold. Adapt your strategy according to price movements around the key levels identified.
