XAUUSD data (Gold/Dollar)
Date : 2025-07-19
Opening : 3347.6
Higher up: 3352.6
Below: 3341.9
Closing : 3348

Economic news :
Is the GBP/USD Pullback Just Technical Noise or a Deeper Bullish Reversal?
GBP/USD Price Analysis: UK Data Dampens BoE Rate Cut Bets
ForexLive European FX news wrap: Dollar gets a case of the Waller hangover

Detailed analysis:
Today, the gold market (XAUUSD) is trending slightly upwards, closing at 3348 after oscillating between a low of 3341.9 and a high of 3352.6. Volatility remains moderate, but traders should remain alert to potential fluctuations. Key support lies around 3340, while major resistance is close to 3355.

The US dollar is showing signs of weakness following Waller's recent statements, which have had a significant impact on the market. Expectations of a more accommodative monetary policy in the United States are also having a positive impact on gold. However, geopolitical uncertainties and speculation about the BoE's key rates, following recent economic data from the UK, could bring surprises to the market.

### Potential short-term scenarios :

1. **Bullish scenario:** If the XAUUSD manages to break through resistance at 3355, an advance towards 3365 could be envisaged. This scenario would be invalidated if the price fell back below 3340. Traders should be wary of false bullish signals, especially if the dollar shows signs of recovery.

2. **Range scenario:** The market could stagnate between 3340 and 3355, reflecting a consolidation pending new macroeconomic catalysts. In this case, traders should be on the lookout for clear breaks of these limits to anticipate a more definite trend.

3. **Bearish scenario:** A return below support at 3340 could trigger a fall towards 3330, especially if the dollar starts to strengthen. This scenario would be invalidated by a close above 3355. Traders should avoid rushing into short positions without clear confirmation of a reversal.

### Risk management advice :

- Caution and patience:** Wait for confirmation of a breakout before taking a position. Impulsive moves can be costly in uncertain market conditions.

- Capital management:** Risk no more than 1-2% of your capital per position to avoid significant losses in the event of an unexpected reversal.

To sum up, the gold market requires a measured approach today, with particular attention to key support and resistance levels and potentially influential macroeconomic signals.