XAUUSD data (Gold/Dollar)
Date : 2025-08-22
Opening : 3332.13
Higher up: 3335.28
Below: 3323.28
Closing : 3323.97

Economic news :
Global Markets on Edge as Powell's Jackson Hole Speech Looms Amid Geopolitical Flares and Nvidia's China Chip Halt
Market Spotlight On Fed Chair's Speech At Jackson Hole
Another slow day for major currencies in European trading today

Detailed analysis:
On 22 August 2025, the gold market (XAUUSD) is trending slightly lower, closing at 3323.97 after opening at 3332.13. Volatility remains moderate, influenced by the expectation of Jerome Powell's speech at Jackson Hole, which could have significant implications for interest rates and, consequently, for gold. Geopolitical tensions, particularly those linked to the ban on Nvidia chips in China, are adding a layer of uncertainty that could impact on gold's movements.

The current key levels are around supports at 3320 and 3310, while resistances are seen at 3335 and 3345. Traders should also keep an eye on the US dollar, which remains stable pending Powell's speech, but could move quickly depending on monetary policy indications.

### Potential short-term scenarios :

1. **Bullish scenario:**
- Hypothesis:** If Powell's speech suggests a pause in rate hikes, gold could rebound.
- Confirmation level:** A break above 3335 would confirm a bullish move.
- Invalidation:** A return below 3320 would invalidate this scenario.
- Pitfalls to avoid:** Don't get carried away by false signals before the speech.

2. **Range scenario:**
- Assumption:** In the absence of clear new guidance from the Fed, gold could remain in a consolidation zone.
- Corners:** Between 3320 and 3335.
- Invalidation:** An exit marked outside this range.
- Pitfalls to avoid:** Avoid overtrading in this congestion zone.

3. **Cashier scenario:**
- Hypothesis:** A more aggressive tone from Powell on monetary policy could put pressure on gold.
- Confirmation level:** A fall below 3320 would confirm a bearish bias.
- Invalidation:** A rebound above 3335 would invalidate this scenario.
- Pitfalls to avoid:** Don't panic sell on a simple initial reaction.

### Risk management advice :

1. **Money Management:** Limit your positions to a small fraction of your total capital to remain flexible and avoid significant losses in the event of sudden post-Jackson Hole movements.

2. **Confirmation Expectation:** Before taking a position, wait for clear, confirmed signals, particularly after Powell's speech, to avoid the pitfalls of erratic movements.