XAUUSD data (Gold/Dollar)
Date : 2025-08-08
Opening : 3389.03
Higher up: 3395.4
Below: 3382.99
Closing : 3388.4

Economic news :
Tariffs, Earnings And Fed Hopes Sway Market Sentiment
GBP/USD Outlook: Pound Jumps Despite BOE Rate Cut
Dollar falls further on the week as the post-NFP fallout continues

Detailed analysis:
Today, gold (XAUUSD) is showing a neutral trend, moving in a narrow range after a session marked by moderate volatility. The price opened at 3389.03, with a high of 3395.4 and a low of 3382.99, closing slightly lower at 3388.4. The key support and resistance levels to watch are around 3380 and 3400 respectively, as these thresholds are crucial in determining the market's next direction.

The weakening US dollar, exacerbated by recent disappointing non-farm payrolls, continues to support gold. However, hopes of further Fed action to counter a faltering economy and geopolitical tensions due to recent trade tariffs add to the uncertainty. In addition, the Bank of England's recent decision to cut rates, while surprising, could indirectly influence flows into safe-haven assets such as gold.

### Potential short-term scenarios :

1. **Bullish scenario:**
If gold manages to break through resistance at 3,400, we could see a bullish continuation towards 3,420. This scenario will be invalidated if there is a pullback below 3,380, which could signal a lack of support for an upward push. Keep an eye on US macroeconomic data, which could influence the dollar and, consequently, gold.

2. **Range scenario:**
As long as the market remains between 3380 and 3400, gold could move sideways. This range represents a consolidation zone where traders can exploit intraday volatility. Attention should be paid to false breakouts at the edges of this range.

3. **Bearish scenario:**
A clear break below support at 3380 could pave the way for a fall towards 3360. This scenario would be invalidated by a return above 3,400, which could indicate a short-term trend reversal. Caution is advised if geopolitical tensions intensify, as this could quickly reverse the trend.

### Risk management advice :

- Money Management:** Stay disciplined with your capital management. Set tight stops to limit potential losses, especially in an uncertain market influenced by volatile macroeconomic factors.

- Avoid overtrading:** With the current trend unclear, it is crucial to avoid multiplying positions without clear justification. Wait for solid confirmation before taking positions, and prioritise trade quality over quantity.

These recommendations are designed to help you navigate the current conditions in the gold market, while minimising risk. Adapt your strategy in line with developments and keep abreast of major economic announcements.