XAUUSD data (Gold/Dollar)
Date : 2025-08-09
Opening : 3387.21
Higher up: 3393.8
Below: 3375
Closing : 3389.32

Economic news :
investingLive European markets wrap: Dollar, stocks steady in final stretch of the week
Markets Oscillate Between Trade War Fears And Fed Cut Hopes
Sterling and aussie look to shake off the seasonal blues this year

Detailed analysis:
Today's session on the gold market (XAUUSD) was characterised by a slight uptrend, closing at 3389.32, after oscillating between a low of 3375 and a high of 3393.8. Volatility remains moderate, but gold is stabilising against a backdrop of a relatively stable US dollar and hopes of a Fed rate cut, despite persistent trade tensions.

**Key supports and resistances:**
- Immediate support: 3375
- Secondary support: 3360
- Immediate resistance: 3395
- Major resistance: 3410

**Areas at risk:**
Traders should keep an eye on the potential impact of trade tensions on risk perceptions, which could influence gold's safe-haven status.

**Potential short-term scenarios:**

1. **Bullish scenario:**
- Gold could break through the immediate resistance at 3395, with a target around 3410.
- Invalidation: Back below 3375, which would indicate further weakness.
- Pitfall to avoid: A false breakout above 3395 without volume confirmation could lead to a rapid reversal.

2. **Range scenario:**
- Possible move between 3375 and 3395, as long as macroeconomic news remains stable.
- Boundaries: Support at 3375 and resistance at 3395.
- Caution: Avoid taking positions in the middle of the range without a clear signal.

3. **Bearish scenario:**
- A break below 3375 could push gold towards secondary support at 3360.
- Invalidation: Recovery above 3395, signalling renewed bullish strength.
- Risk: A rapid fall back above 3375 after a break could trap sellers.

**Risk management advice:**
- Adopt a cautious approach**: Avoid overtrading by waiting for clear confirmation of key levels before taking positions.
- Rigorous money management**: Use well-placed stops to protect capital, especially against a backdrop of moderate volatility but potentially destabilising geopolitical risks.

For this session, caution is the order of the day, with particular attention being paid to economic and geopolitical developments that could influence gold's movements.