XAUUSD data (Gold/Dollar)
Date : 2025-07-21
Opening : 3345
Higher up: 3370.77002
Below: 3345
Closing : 3363.8

Economic news :
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ForexLive European FX news wrap: Dollar gets a case of the Waller hangover

Detailed analysis:
Today, the gold market (XAUUSD) is showing a slight uptrend, opening at 3345 and closing at 3363.8. The price reached an intraday high of 3370.77, indicating that buyers still have some hold on the market. Key support levels are around 3340, while major resistance is at 3380. Volatility is moderate, but recent movements in the US dollar, influenced by Fed interest rate rhetoric, add the potential for unpredictable swings. On the geopolitical front, the absence of major news is encouraging increased focus on US macroeconomic data.

### Potential short-term scenarios :

1. **Bullish scenario**: If the price manages to break through and hold above resistance at 3380, a move towards 3400 is conceivable. This scenario would be invalidated if the price fell back below 3340. Traders should watch for reversal signals around these levels to avoid false bullish signals.

2. **Range scenario** : The market could move sideways between 3340 and 3380. Traders should look for clear confirmation before entering positions. False breaks of this range could lead to losses if not managed vigilantly.

3. **Bearish scenario**: A fall below 3340 could trigger further selling pressure, targeting 3320 as the next support. This scenario would be invalidated if the price rises back above 3380. Traders should be wary of aggressive buying, which could quickly reverse the trend.

### Risk management advice :

1. **Adopt strict money management discipline**: Set tight stops and respect your risk levels to avoid excessive losses in the event of sudden movements.

2. **Avoid overtrading**: Wait for clear confirmation before taking a position. The gold market can be fickle, and hasty entries can lead to costly emotional decisions.

To sum up, although the current trend is slightly upwards, a cautious approach is still warranted given the economic uncertainties and the potential volatility associated with movements in the dollar.