XAUUSD data (Gold/Dollar)
Date : 2025-07-22
Opening : 3397.33
Higher up: 3430.030029
Below: 3383.24
Closing : 3427.68
Economic news :
GBP/USD Breaks Range Bottom With Eyes on Key Fibonacci Target
Dollar weakened by drop yesterday as short squeeze loses momentum
investingLive European markets wrap: Japanese yen jumps, cryptos continue to run hot
Detailed analysis:
Today, the gold market (XAUUSD) is trending upwards, closing at 3427.68. This momentum is underpinned by a recently weakened US dollar, due to a loss of momentum following a short squeeze. Traders should pay particular attention to key support and resistance levels: immediate support is around 3383, while important resistance is at 3430, slightly above the day's high.
Volatility remains moderate, but uncertainty on the European markets, exacerbated by the rise in the Japanese yen and the strength of cryptocurrencies, could increase gold's fluctuations. In addition, persistent inflationary pressures and the outlook for US monetary policy continue to influence market expectations.
### Potential short-term scenarios :
1. **Bullish scenario**: If the price manages to break through and hold a position above resistance at 3430, gold could aim for the next target around 3450. This scenario would be invalidated by a close below 3,400, which would indicate a weakening of the bullish momentum.
2. **Range scenario**: Gold could oscillate between 3383 and 3430 if external pressures stabilise. It would be prudent to wait for a clear break of these limits before taking positions, to avoid being trapped by false signals.
3. **Bearish scenario**: A return below support at 3383 could lead to increased selling pressure, with a potential target of 3350. This scenario would be invalidated if the price breaks back above 3400 with conviction.
### Risk management advice :
- Avoid overtrading**: In a potentially volatile market, it is crucial not to multiply positions without good reason. Concentrate on clear, well-defined opportunities and stick to your trading plan.
- Wait for confirmation**: Before committing to a position, make sure that the technical and fundamental signals are aligned. This may include confirmation of a break of support or resistance, or clear indications of the direction of interest rates and monetary policies.
In conclusion, while the gold market is showing signs of rising, it remains essential to monitor key levels and adapt your strategy in line with ongoing economic and geopolitical developments.
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