XAUUSD data (Gold/Dollar)
Date : 2025-08-08
Opening : 3389.03
Higher up: 3397.81
Below: 3380.69
Closing : 3390.2

Economic news :
Bank of England tensions mount - Split BOE vote sets stage for more pound gains
Tariffs, Earnings And Fed Hopes Sway Market Sentiment
GBP/USD Outlook: Pound Jumps Despite BOE Rate Cut

Detailed analysis:
Today, XAUUSD is trending slightly upwards, closing slightly higher at 3390.2 after oscillating between a low of 3380.69 and a high of 3397.81. The key support level to watch is around 3380, while major resistance is close to 3400. Volatility remains moderate, but could increase depending on economic and geopolitical news.

Tensions within the Bank of England, combined with a recent decision to cut rates despite a strong pound, are indirectly influencing the gold market via fluctuations in the US dollar. At the same time, expectations of future Fed action and discussions on tariffs are weighing on market sentiment.

**Potential short-term scenarios:**

1. **Bullish scenario:** If the XAUUSD manages to break through the 3400 resistance with conviction, a continuation of the rise towards 3420 could be envisaged. This scenario would be invalidated by a break below 3380. Traders should remain vigilant for economic announcements that could strengthen the dollar and reverse the trend.

2. **Range scenario:** The market could oscillate between 3380 and 3400, reflecting a degree of indecision among investors. As long as these levels are not breached, caution is the order of the day, with positions limited to the extremities of the range in order to optimise risk-reward.

3. **Bearish scenario:** A clear break below 3380 could pave the way for a correction towards 3360, which would be invalidated by a return above 3400. Traders should keep a close eye on US economic data, which could strengthen the dollar and weigh on gold.

**Risk management advice:**

- Focus on position management:** Limit the number of positions opened simultaneously to avoid overtrading, and adjust your stop-losses to protect capital in the event of a sudden market downturn.

- Confirmation before entry:** Wait for clear confirmation signals before entering the market, particularly in contexts of increased volatility, to minimise the risk of entering on false signals.

In conclusion, keep a close eye on current macroeconomic and geopolitical events, which could have a significant influence on the gold market in the coming sessions.