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:
For the session of 19 July 2025, gold (XAUUSD) is showing a slightly bullish trend, closing at 3348 after oscillating between a low of 3341.9 and a high of 3352.6. Volatility remains moderate, but the impact of the US dollar, recently weakened by comments from the Fed, could offer opportunities for movement.

**Key supports and resistances:**
- Immediate support: 3340
- Secondary support: 3325
- Immediate resistance: 3355
- Secondary resistance: 3370

**Economic and geopolitical context:**
Recent hesitation over key US interest rates, exacerbated by comments from the Fed's Christopher Waller, weighed on the dollar, offering gold some slight support. In addition, mixed economic data from the UK is indirectly influencing market sentiment, but the main effect remains centred on trends in the greenback.

**Potential scenarios:**

1. **Bullish scenario:**
- Development:** If the XAUUSD manages to break through resistance at 3355, a push towards 3370 could be on the cards.
- Invalidation:** A break below 3340 would invalidate this scenario.
- Levels to watch:** 3355 (immediate resistance), 3370 (bullish target).
- Trap to avoid:** Do not rush before a clear fence above 3355.

2. **Range scenario:**
- Development:** The XAUUSD could move between 3340 and 3355, consolidating in this channel as long as fundamental factors remain unchanged.
- Corners:** Support at 3340, resistance at 3355.
- Levels to watch:** 3340 (lower bound), 3355 (upper bound).
- Traps to avoid:** Avoid trades in the middle of a range without confirmation of a rebound or breakout.

3. **Bearish scenario:**
- Development:** A break below 3340 could push the market towards support at 3325.
- Invalidation:** A rise above 3355 would invalidate this scenario.
- Levels to watch:** 3340 (critical support), 3325 (bearish target).
- Pitfalls to avoid:** Do not take positions too early without confirmation of the break.

**Risk management advice:**

- Money Management:** Commit to moderate position sizes to limit the impact of sudden movements. Use well-placed stops to protect your capital.

- Stay patient and wait for confirmation before taking a position, especially in hesitant market conditions. Avoid overtrading, which could dilute your focus and increase risk.