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

Economic news :
GBP/USD Weekly Forecast: On the Back Foot as BoE Cut Nears
GBP/USD Price Analysis: Pound Relieved on Weak Jobs Data
investingLive European markets wrap: Stocks stumble, dollar steady ahead of US jobs report

Detailed analysis:
The current trend in the XAUUSD is neutral, with slight downward pressure. The price opened at 3361.89 and closed at virtually the same level, 3361.38, after peaking at 3369.98 and bottoming at 3355.58. This consolidation around these levels suggests investor hesitation, probably influenced by the expectation of the US employment report and recent UK economic data.

The key support and resistance levels are respectively at 3350, an important support tested recently, and 3375, a resistance level to watch should prices rebound. Recent volatility remains moderate, but could increase with the imminent release of US economic data.

In terms of macroeconomic influences, the US dollar remains stable, supported by expectations of the employment report, while the Bank of England appears to be moving towards an anticipated rate cut, which could indirectly influence gold via the foreign exchange market. Geopolitical tensions are currently low, leaving the macroeconomy as the main driver.

### Potential scenarios :

1. **Bullish scenario:** If the XAUUSD manages to break above resistance at 3375, a move towards 3400 could take shape. Invalidation of this scenario would occur below 3350. Traders should keep a close eye on the US employment report, as weaker-than-expected data could weaken the dollar and strengthen gold.

2. **Range scenario:** The XAUUSD could continue to move between 3350 and 3375, reflecting a waiting period before economic announcements. The boundaries of this range should be watched for trading opportunities. Beware of false signals around these levels, especially in a context of low volatility.

3. **Bearish scenario:** A break below 3350 could pave the way for a fall towards 3325. This scenario would be invalidated if the price breaks back above 3375. Investors should be cautious in the face of surprises in the employment report, which could strengthen the dollar and weigh on gold.

### Risk management advice :

- Adopt a conservative approach**: Wait for confirmation of level breaks before taking positions, especially with the imminent publication of major economic data.
- Avoid overtrading**: Limit the number of trades to avoid exposure to erratic market movements caused by economic announcements. Strict capital management is crucial in these uncertain times.