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 particular attention should be paid to support at 3340 and resistance at 3355.

On the macroeconomic front, the US dollar is showing signs of weakness following Waller's recent comments, which have influenced monetary policy expectations. In addition, the recent fall in expectations of a rate cut by the Bank of England could indirectly support the dollar, weighing on gold. No major geopolitical events are currently on the horizon, but remain vigilant for potential tensions that could arise.

**Bullish scenario:** If gold manages to break through and hold above resistance at 3355, an extension towards 3370 could be envisaged. This scenario would be invalidated if the price were to fall back below support at 3340. Beware of false break signals towards 3355.

**In this context, gold could move between 3340 and 3355. Traders should monitor the market's reaction to these limits to detect any breakouts. Avoid taking positions in the middle of the range to minimise risk.

**Bearish scenario:** Selling pressure could intensify below 3340, with a potential dip towards 3325. This scenario would be invalidated if the price rises back above 3355. Beware of technical bounces near 3340.

**Risk management advice:**
1. **Wait for confirmation:** Before committing to a position, wait for a clear breakout or rebound signal from the key levels identified.
2. **Avoid overtrading:** Remain disciplined and do not multiply positions within the same session, especially in range conditions.

To sum up, today's gold market calls for a cautious approach, with particular attention paid to trends in the dollar and critical technical levels.