XAUUSD data (Gold/Dollar)
Date : 2025-08-23
Opening : 3363.43
Higher up: 3366.18
Below: 3358.58
Closing : 3360.15

Economic news :
Global FX Market Summary: Fed holds rates, ECB rate cuts delayed Global Trade and Geopolitical Tensions 22 August 2025
GBP/USD Price Slides to 2-Week Low Ahead of Powell's Speech
GBP/USD: Friday Correction After Surge

Detailed analysis:
As of 23 August 2025, the gold market (XAUUSD) is showing a slightly downward trend. The daily close was 3360.15, down from the opening price of 3363.43. The key support and resistance levels to watch are around 3355 and 3370 respectively. Recent volatility remains moderate, although geopolitical tensions and central bank monetary policy decisions continue to fuel sudden movements.

Developments in the US dollar are having a major impact on the gold market, with the Federal Reserve maintaining its key rates while the ECB delays its rate cuts. Jerome Powell's expected speech could add volatility, as could global trade and geopolitical tensions.

### Short-term scenarios :

1. **Bullish scenario:**
- Description:** A rebound above 3370 could signal a bullish recovery.
- Levels to watch:** 3370 (key resistance), with potential around 3380.
- Invalidation:** A return below 3355 would invalidate this scenario.
- Pitfalls to avoid:** Don't rush into a breakout without volume confirmation.

2. **Range scenario:**
- Description:** The market could move sideways between 3355 and 3370.
- Corners:** Support at 3355, resistance at 3370.
- Pitfalls to avoid:** Avoid trading in the centre of the range, where false signals are common.

3. **Cashier scenario:**
- Description:** A break below 3355 could trigger further bearish pressure.
- Levels to watch:** 3355 (key support), with potential around 3345.
- Invalidation:** A return above 3370 would invalidate this outlook.
- Pitfalls to avoid:** Beware of technical bounces, which can happen quickly.

### Risk management advice :

1. **Money Management:** Make sure you do not risk more than 1-2% of your capital on a single position to limit potential losses.

2. **Wait for Confirmation:** Before committing to a position, wait for clear signals and confirmation of market movements, especially around key support and resistance levels. This can reduce the risk of false signals.

In short, caution is the order of the day as the markets digest the Fed's recent announcements and monitor geopolitical developments. Remain attentive to future speeches and adjust your positions according to movements in the US dollar and economic indices.