XAUUSD data (Gold/Dollar)
Date : 2025-07-17
Opening : 3344.7
Higher up: 3352.25
Below: 3309.98999
Closing : 3338.79

Economic news :
Ferguson Enterprises Inc: Notice of Dividend Currency Exchange Rate | FERG Stock News
Ferguson Enterprises Inc Announces Dividend Payment for August 2025 | FERG stock news
GBP/USD Falls as Unemployment Rises to a 4-Year High

Detailed analysis:
For this session of 17 July 2025, gold (XAUUSD) is trending slightly lower, closing at 3338.79 after peaking at 3352.25 and bottoming at 3309.98999. Volatility is moderate, reflecting some hesitation in the market, influenced by recent fluctuations in the US dollar. The GBP/USD pair fell following a rise in UK unemployment, which strengthened the dollar and weighed on gold.

### Key supports and resistances
- Major support**: 3310, close to the day's low.
- Immediate resistance**: 3350, which was tested but not breached.

### Macroeconomic context
US interest rates remain a crucial factor, with the Fed maintaining a restrictive monetary policy to counter persistent inflation. Geopolitical tensions are relatively calm, but the trend in UK unemployment has temporarily supported the US dollar, putting pressure on gold.

### Potential short-term scenarios

1. **Bullish scenario:**
- Description**: A rebound above 3350 could signal a bullish recovery.
- Levels to watch**: 3350 (resistance) then 3370.
- Invalidation**: Return under 3310.
- Pitfall to avoid**: A false breakout above 3350 without significant volume.

2. **Range scenario:**
- **Description**: Gold could swing between 3310 and 3350, capturing market indecision.
- Corners**: Support at 3310 and resistance at 3350.
- Pitfall to avoid**: Overtrading in a sideways market without confirmation of direction.

3. **Bearish scenario:**
- Description**: A break below 3310 could trigger a bearish acceleration.
- Levels to watch**: 3310 then 3280.
- Invalidation**: Rise above 3350.
- Pitfalls to avoid**: Hasty selling near supports without a clear signal.

### Risk management advice

1. **Money Management**: Use tight stops given current volatility. Adapt the size of your positions to limit the impact of adverse movements.

2. **Caution and confirmation**: Wait for clear confirmation of breakouts from critical levels before taking positions. Avoid rushing into impulsive moves that lack fundamental support.

To sum up, the current session calls for a cautious approach, paying close attention to key levels and confirmation signals, while managing risk exposure prudently.