XAUUSD data (Gold/Dollar)
Date : 2025-08-02
Opening : 3361.89
Higher up: 3369.98
Below: 3359.2
Closing : 3368.31

Economic news :
investingLive European markets wrap: Stocks stumble, dollar steady ahead of US jobs report
Tariff Jitters Rattle Markets
GBP/USD: Downtrend Intensifies Amid Bearish Pattern Confirmation

Detailed analysis:
Today, gold (XAUUSD) is trending slightly upwards, closing at 3368.31 after breaking through an intraday high of 3369.98. Key support currently lies around 3359, while immediate resistance is seen at 3370. Volatility remains moderate, but anticipation of the US employment report could intensify movements.

The dollar remains stable, but markets are nervous about trade tensions and the potential impact of new tariff policies. Moderate US inflation and unchanged interest rates are currently supporting gold as a safe-haven asset, especially against the backdrop of faltering European stock markets.

**Potential short-term scenarios:**

1. **Bullish scenario:** If gold manages to break through and hold above resistance at 3370, the next target is around 3385. This scenario would be invalidated if gold were to break back below support at 3359. Traders should keep an eye on US economic announcements, which could influence the strength of the dollar.

2. **Range scenario:** Gold could move in a narrow range between 3359 and 3370 while waiting for more clarity on the US economic situation. The levels to watch are therefore 3359 for support and 3370 for resistance. Beware of false break signals, which could lead to erratic movements.

3. **Bearish scenario:** A move below 3359 could pave the way for a correction towards 3345. This scenario would be invalidated by a rebound above 3370. Traders should watch out for signs of a strengthening dollar or negative geopolitical news.

**Risk management advice:**

- Position size management:** It is essential to adjust the size of your positions in line with current volatility and identified key levels, so as not to overexpose your capital to unforeseen movements.

- Wait for clear confirmation before entering the market, especially in an uncertain environment. This may mean waiting for a candle to close above critical levels before taking a position.

To sum up, although gold is showing a slight upward trend, caution is called for given the economic and geopolitical uncertainties. Take a measured approach, keeping an eye out for developments that could change the current momentum.