XAUUSD data (Gold/Dollar)
Date : 2025-08-01
Opening : 3299.42
Higher up: 3307.58
Below: 3289.05
Closing : 3303.01

Economic news :
GBP/USD: Downtrend Intensifies Amid Bearish Pattern Confirmation
Strong Earnings Lifts Market Sentiment
GBP/USD Hits Lows: Weak UK Data and a Strong US Dollar Weigh on the Pound

Detailed analysis:
Today, gold (XAUUSD) is trending slightly upwards, closing at 3303.01 after opening at 3299.42. Key support levels are around 3290, while immediate resistance is close to 3310. Recent volatility remains moderate, suggesting a degree of stability in price movements. However, it is crucial to keep an eye on risk areas, particularly those influenced by fluctuations in the US dollar.

The dollar's recent appreciation, boosted by robust US economic data and encouraging corporate earnings, continues to weigh on gold. US interest rates, although expected to remain stable in the short term, remain a pressure factor on the precious metal. There are no major geopolitical tensions at present, but caution is still called for.

**Potential short-term scenarios:**

1. **Bullish scenario:** If gold manages to break above resistance at 3310, an extension towards 3325 could be envisaged. This scenario would be invalidated by a return below 3290. Traders should watch for signs of dollar weakness to confirm this move.

2. **Range scenario:** Gold could consolidate between 3290 and 3310, offering short-term trading opportunities for range strategies. Traders should watch for a breakout from this range to avoid false signals.

3. **Bearish scenario:** A break below 3290 could lead to a fall towards 3275. This scenario would be invalidated by a rise above 3310. Traders should watch US economic indicators for signs of a strengthening dollar.

**Risk management advice:**

- Caution and confirmation:** Before taking positions, wait for confirmation of key levels to avoid being trapped in unjustified volatile movements.

- Money management:** Limit exposure by adjusting the size of positions according to current volatility and avoid overtrading, especially in a market with uncertain movements.

In short, keep an eye on the dollar's movements and on economic data to guide your gold trading decisions today.