XAUUSD data (Gold/Dollar)
Date : 2025-07-29
Opening : 3322.01
Higher up: 3338.09
Below: 3318.39
Closing : 3336.4

Economic news :
What Every Trader Should Master Before Entering a Volatile FX Market
Mixed Trend In World Markets
GBP/USD Falls to 9-Week Low as UK Food Inflation Jumps

Detailed analysis:
On 29 July 2025, the gold market (XAUUSD) is showing a generally bullish trend, closing at 3336.4 after opening at 3322.01. Recent volatility has been moderate, with an intraday range of nearly 20 dollars, suggesting a positive but still fragile dynamic. Key levels to watch include major resistance at 3345 and significant support at 3315.

The US dollar remains a crucial variable, influenced by stable key rates but under threat of an upward revision if inflation continues to rise. The US economy is showing mixed signals, fuelling uncertainty on the markets. Internationally, the fall in the GBP/USD on the back of higher food inflation in the UK may also have an impact on investor sentiment.

**Potential short-term scenarios:**

1. **Bullish scenario:** If the price of gold manages to break through resistance at 3345, a continuation towards 3365 is conceivable. This scenario would be invalidated if the price were to fall below support at 3315. Traders should watch for an hourly close above 3345 to confirm the uptrend.

2. **Range scenario:** The market could oscillate between 3315 and 3345 if no major catalyst materialises. In this context, the limits of this range will serve as benchmarks for short-term trading. Beware of false signals near these levels, especially during economic announcements.

3. **Bearish scenario:** A break below 3315 could lead to a move towards 3300. This scenario would be invalidated if the price rose back above 3345, which would signal renewed buying pressure. Watch for an acceleration in downward volumes to confirm this scenario.

**Risk management advice:**

- Avoid overtrading:** In a context of moderate volatility, it is crucial not to multiply positions without clear trend confirmation. Wait for strong signals before committing your capital.

- Adopt a cautious approach:** Before taking a position, wait for confirmation from hourly or daily closes above the key levels identified, thereby reducing the risk of entering on false signals.

These guidelines should help you make decisions while adapting to fast-changing markets.