XAUUSD data (Gold/Dollar)
Date : 2025-08-02
Opening : 3361.89
Higher up: 3369.98
Below: 3355.58
Closing : 3361.38

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:
The gold market (XAUUSD) is currently trending slightly downwards. Yesterday's close was at 3361.38, slightly below the open, suggesting persistent selling pressure. The key support and resistance levels to watch are 3355.00 and 3370.00 respectively. Volatility remains moderate, but anticipation of the US employment report could quickly change the picture. Geopolitical concerns over trade tensions and tariffs are adding a layer of uncertainty that could influence gold's direction.

The recent trend in the US dollar, which has remained stable despite the turbulence on European stock markets, is crucial to watch, as a rise in the dollar could accentuate the downward pressure on gold. Traders should also keep an eye on interest rates and US economic data, particularly inflation, which could influence the Fed's monetary policy decisions.

### Potential short-term scenarios :

1. **Bullish scenario**: If the price breaks above resistance at 3370.00, a move towards 3385.00 could be triggered. This scenario would be invalidated if the price were to fall back below 3360.00. Beware of false signals linked to economic announcements, particularly the employment report.

2. **Range scenario** : The market could stabilise between 3355.00 and 3370.00, while waiting for more clarity on economic data and geopolitical tensions. A break of either of these bounds could signal the market's next direction.

3. **Bearish scenario**: A break of support at 3355.00 could push the price down towards 3340.00. This scenario would be invalidated if the price rebounds above 3365.00. Traders should be wary of sudden moves caused by unexpected economic news.

### Risk management advice :

- Money Management**: Use tight stops to protect your positions, especially in a context of increased volatility due to imminent economic announcements.

- Avoid overtrading**: Wait for clear trend confirmation before entering the market. Don't let uncertainty or erratic movements push you into making impulsive decisions.

In short, keep a close eye on key levels and future economic data to adjust your strategies accordingly.