Analyse XAUUSD - 2025-07-22 (02:53)

XAUUSD data (Gold/Dollar)
Date : 2025-07-22
Opening : 3397.33
Higher up: 3402.77002
Below: 3387
Closing : 3388.11

Economic news :
investingLive European markets wrap: Japanese yen jumps, cryptos continue to run hot
Is the GBP/USD Pullback Just Technical Noise or a Deeper Bullish Reversal?
GBP/USD Price Analysis: UK Data Dampens BoE Rate Cut Bets

Detailed analysis:
Today, the gold market (XAUUSD) is trending slightly lower, closing at 3388.11 after hitting a low of 3387. Volatility remains moderate, reflected by a relatively narrow range of movement between the high of 3402.77 and the day's low. In terms of technical levels, immediate support lies around 3380, followed by a more robust zone at 3360. The key resistances to watch are at 3405, then 3420.

Gold is currently being influenced by a US dollar that is showing signs of moderate strength, despite uncertainties surrounding global monetary policies, notably with unclear expectations regarding the Federal Reserve's future actions. Recent economic data from the UK, which has weighed on expectations of rate cuts by the Bank of England, could also indirectly influence gold via global market sentiment. There has also been a significant movement in the Japanese yen, which could attract capital flows towards assets considered safer, such as gold, but this is not yet clearly reflected in prices.

Potential short-term scenarios :

1. **Bullish scenario**: If gold manages to break through resistance at 3405, it could target 3420. This scenario would be invalidated if the price were to fall back below 3380. Keep an eye on US economic data, which could weaken the dollar, spurring a rebound in gold.

2. **Range scenario** : Gold could oscillate between 3380 and 3405 in the absence of clear catalysts. Traders should remain vigilant for any break of these limits, particularly if volatility increases.

3. **Bearish scenario**: A break below support at 3380 could lead to a move towards 3360, especially if the dollar continues to strengthen. This scenario would be invalidated by a return above 3405.

Risk management advice :

- Caution and confirmation**: Wait for clear confirmation of a breakout or reversal before taking a position. Don't rush into impulsive moves without technical validation.

- Money management**: Avoid overtrading. Set yourself maximum losses per trade and stick to them. Use appropriate stops to protect your capital against unexpected adverse movements.