XAUUSD data (Gold/Dollar)
Date : 2025-08-20
Opening : 3314.84
Higher up: 3319.11
Below: 3301.77
Closing : 3319.1

Economic news :
Global Stock Rally Fades As Ukraine Talks Continue, Focus Turns To Jackson Hole
GBP/USD: Slower Quantitative Tightening Will Support Liquidity Conditions
A typical summer's day in European trading so far

Detailed analysis:
On 20 August 2025, the gold market (XAUUSD) is trending slightly upwards, closing at 3319.10, close to its intraday high. The key support and resistance levels to watch are around 3300 and 3330 respectively. Recent volatility has been moderate, with a relatively narrow intraday range, which could indicate a potential stronger move ahead. Traders should keep a close eye on the risk areas around 3300, where a break could lead to increased downward pressure.

On the macroeconomic front, the US dollar remains stable, but expectations surrounding the Jackson Hole symposium could increase volatility. Ongoing discussions about Ukraine continue to influence market sentiment, although their direct impact on gold is limited for the time being. Inflation remains a concern, but the slowdown in quantitative tightening in the UK could support global liquidity, indirectly impacting gold movements.

### Potential short-term scenarios :

1. **Bullish scenario:**
If the price breaks through resistance at 3330, it could move towards 3350. This scenario would be invalidated by a break below 3300. Traders should watch for confirmatory signals such as increased volumes or favourable macroeconomic catalysts.

2. **Range scenario:**
Gold could oscillate between 3300 and 3330, in the absence of strong catalysts. Against this backdrop, traders can look to exploit bounces at these levels, while being wary of false breakouts, particularly on major economic announcements.

3. **Bearish scenario:**
A break below 3300 could pave the way for a fall towards 3280. This scenario would be invalidated by a return above 3320 with a convincing close. Vigilance is called for in the face of market traps such as technical rebounds, which could distort the trend.

### Risk management advice :

- Avoid overtrading:** Concentrate your efforts on the most likely configurations and wait for clear confirmation before entering a position. Patience is key in an environment of moderate volatility.

- Adopt a strict money management approach:** Set well-calibrated stop-losses for each position to limit potential losses, and commit only a fraction of your capital to each trade to avoid negative impacts on your overall portfolio.

In short, keep a close eye on macroeconomic developments while adjusting your strategy according to price trends and critical technical levels.