XAUUSD data (Gold/Dollar)
Date : 2025-08-23
Opening : 3363.43
Higher up: 3366.18
Below: 3345.51
Closing : 3359.72

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:
The gold market (XAUUSD) is showing a slight downtrend today, with a recent close at 3359.72, down from the open of 3363.43. Key levels to watch include immediate support around 3345.51, which was tested today, and resistance near 3366.18, the day's high. Volatility is moderate, but persistent geopolitical tensions and the expectation of Powell's speech are contributing to an atmosphere of uncertainty.

The recent trend in the US dollar, influenced by the Fed's decision to maintain rates, and the delay in the ECB's rate cuts have stabilised the greenback, exerting slight pressure on gold. On the other hand, trade and geopolitical tensions continue to create an uncertain environment, favouring erratic movements.

### Potential short-term scenarios :

1. **Bullish scenario:**
- Hypothesis:** Gold rebounds above 3366.18, supported by unexpected dollar weakness or heightened geopolitical tensions.
- Levels to watch:** Above 3366.18, the next target is 3375.
- Invalidation:** A close below 3345.51.
- Trap to avoid:** Do not buy on a simple break without volume confirmation.

2. **Range scenario:**
- Assumption:** Gold hovers between 3345.51 and 3366.18, awaiting clearer signals from the Fed or the international environment.
- Corners:** Support at 3345.51 and resistance at 3366.18.
- Traps to avoid:** Do not overtrade the extremes of the range without confirmation.

3. **Bearish scenario:**
- Hypothesis:** A recovery in the dollar or hawkish comments from the Fed cause gold to fall below 3345.51.
- Levels to watch:** Below 3345.51, the next support point is 3330.
- Invalidation:** Back above 3366.18.
- Trap to avoid:** Sell at the bottom without confirmation of a sustained move.

### Risk management advice :

- Caution and confirmation:** Wait for clear confirmation before taking positions, especially in this uncertain climate. Avoid relying solely on intraday movements without external validation.
- Capital management:** Limit your exposure per position by using tight stops and scrupulously adhering to your trading plan to avoid overtrading and its harmful effects.

Adopt a measured approach and keep a close eye on macroeconomic developments to adjust your strategies accordingly.