XAUUSD data (Gold/Dollar)
Date : 2025-07-28
Opening : 3338
Higher up: 3349.37
Below: 3322
Closing : 3347.4

Economic news :
Investinglive Americas FX news wrap 25 Jul: The dollar moves higher ahead of a busy week
GBP/USD Slips Again as Retail Sales Rebound Misses Forecasts
investingLive European markets wrap: Dollar bounces, regional stocks and gold stutter

Detailed analysis:
Today, the gold market (XAUUSD) is showing a generally bullish momentum, closing close to the day's highs at 3347.4. This trend is supported by a recent appreciation in the US dollar, which makes gold's performance all the more remarkable. Key levels to watch include immediate resistance around 3350, which was approached but not breached, and important support at 3320, which held despite earlier downward pressure. Volatility remains moderate, but traders' attention is being drawn to developments in US interest rates, inflation remains a concern, and recent geopolitical movements could influence flows into safe-haven assets such as gold.

**Bullish scenario:** If gold manages to break through resistance at 3350 with confirmation, an extension towards 3375 could be envisaged. This scenario would be invalidated if gold were to fall back below 3320, which could signal that the uptrend is running out of steam. Traders should keep an eye on US economic announcements, which could strengthen the dollar and weigh on gold.

**Range scenario:** Gold could oscillate between 3320 and 3350, reflecting market uncertainty over economic data and geopolitical tensions. A clear breach of either of these boundaries would determine the next direction. Traders must avoid being trapped by false breakout signals in this context.

**Bearish scenario:** A break below 3320 could lead to a fall towards 3300, especially if the dollar continues to strengthen. A break above 3350 would invalidate this scenario, indicating a return of buying pressure. Tensions on the emerging markets and US monetary policy decisions will be decisive.

**Risk management advice:**
1. **Avoid overtrading:** In a context of moderate volatility, it is crucial not to overload your positions. Make sure that each trade is justified by a clear signal.
2. **Wait for confirmation:** Before taking a position, wait until key levels are clearly breached or rejected. This will allow you to limit potential losses due to erratic movements.

Keep a close eye on this week's economic developments, which could quickly change the current dynamics of the gold market.