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:
Looking at the gold market today, it appears that the trend is slightly bullish, closing at 3348 after reaching an intraday high of 3352.6. Key levels to watch include immediate support near 3340 and resistance around 3355. Volatility remains moderate, which may indicate a consolidation after the recent fluctuations.

The movement in the US dollar, impacted by recent comments from the Fed's Christopher Waller, continues to exert pressure on gold. The strength of the dollar has receded somewhat, offering some support to gold. In addition, expectations of a rate cut by the Bank of England have fallen, which could indirectly influence overall sentiment on precious metals. On the geopolitical front, no major escalation was reported, allowing gold to focus mainly on economic factors.

### Potential Scenarios :

1. **Bullish scenario:**
- Levels to watch:** If the price breaks through resistance at 3355, a move towards 3370 could be envisaged.
- Invalidation:** A close below 3340 would invalidate this bullish scenario.
- Pitfalls to avoid:** Do not rush to buy without confirmation, especially if volatility suddenly increases.

2. **Range scenario:**
- Corners:** The market could move between 3340 and 3355.
- Wait for clear signals of breakage or rebound at the terminals before acting.
- Traps to avoid:** Avoid trading in the middle of the range, where the risk of false starts is high.

3. **Cashier scenario:**
- Levels to watch:** A break below 3340 could push gold towards 3325.
- Invalidation:** A return above 3355 would invalidate this bearish scenario.
- Pitfalls to avoid:** Beware of technical rebounds that could trap impatient sellers.

### Risk Management Advice :

1. **Money Management:** Set strict stop-losses to limit potential losses, especially in periods of low volatility when movements can be deceptive.

2. **Watch for hourly closes to confirm breaks of key levels before taking positions. This can help avoid false signals.

To sum up, although today's trend is slightly upwards, caution is still called for, with technical and fundamental levels influencing gold's movements. Adapt your strategy according to market confirmations to optimise your chances of success.