Analyse XAUUSD - 2025-07-23 (03:51)

XAUUSD data (Gold/Dollar)
Date : 2025-07-23
Opening : 3427.08
Higher up: 3439.090088
Below: 3417
Closing : 3423.45996

Economic news :
GBP/USD Nears July High as BoE and Treasury Clash Over Financial Regulation
GBP/USD Breaks Range Bottom With Eyes on Key Fibonacci Target
Dollar weakened by drop yesterday as short squeeze loses momentum

Detailed analysis:
Today, the gold markets (XAUUSD) are trending slightly downwards. The price opened at 3427.08 and closed at 3423.45996, marking a decline on the day. Key levels to watch include immediate support around 3417, which was the day's low, and resistance at 3439, the high reached today. Volatility remains moderate but could intensify depending on movements in the US dollar.

The dollar has recently shown weakness after falling due to the loss of momentum from the squeeze on short positions. This situation, combined with tensions between the Bank of England and the UK Treasury over financial regulation, could indirectly influence gold, particularly if it leads to significant movements on the currency market.

### Potential Short-Term Scenarios

1. **Bullish scenario**: If support at 3417 holds and gold manages to break above resistance at 3439, we could see a rally towards 3455. This scenario would be invalidated by a net close below 3417.

2. **Range Scenario** : Prices could move between 3417 and 3439 if the market remains indecisive. Traders should watch for false breakouts at these levels, especially on low volume.

3. **Bearish scenario**: A break below 3417 could lead to a fall towards 3400 or even 3385. This scenario would be invalidated if the price manages to climb back above 3439 on a sustained basis.

### Risk Management Advice

- Adopt strict money management**: Only risk a small percentage of your capital on each position to limit potential losses.

- Avoid overtrading**: Wait for clear confirmation before entering the market to avoid the pitfalls of volatility and false breakouts.

To sum up, although the current trend is slightly downwards, caution is called for. Keep an eye on key levels and macroeconomic events likely to trigger significant movements.