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:
On 9 August 2025, the gold market (XAUUSD) is showing a slightly upward trend, closing at 3389.32 after an intraday movement between 3375 and 3393.8. Key support levels are around 3375, while immediate resistance is at 3394. Volatility remains moderate, but traders should keep an eye on potential fluctuations due to persistent trade tensions and speculation about a possible Fed rate cut.

The recent trend in the US dollar, which has been fairly stable, could limit gold's movements, although geopolitical and economic uncertainties continue to weigh on market sentiment. Expectations of a rate cut, in response to inflationary concerns and trade tensions, are key elements to consider for gold forecasts.

### Potential short-term scenarios :

1. **Bullish scenario:**
- Description:** If the price breaks through resistance at 3394, a move towards 3405 could materialise.
- Invalidation:** A fall below 3375 would invalidate this bullish scenario.
- Levels to watch:** 3394 (resistance), 3405 (bullish target).
- Traps to avoid:** Do not go long without clear confirmation of the break of 3394.

2. **Range scenario:**
- Description:** The price could fluctuate between 3375 and 3394 in the coming sessions.
- Corners:** Support at 3375 and resistance at 3394.
- Levels to watch:** Range ends for reversal trading opportunities.
- Pitfalls to avoid:** Avoid anticipating breaks without significant volume or an external catalyst.

3. **Bearish scenario:**
- Description:** Increased selling pressure could push the price below support at 3375, with a target around 3360.
- Invalidation:** A return above 3394 would invalidate this scenario.
- Levels to watch:** 3375 (critical support), 3360 (bearish target).
- Traps to avoid:** Do not sell short without confirmation that support has been broken.

### Risk management advice :

- Caution and confirmation:** Wait for clear confirmation before taking positions, especially in the current climate of macroeconomic and geopolitical uncertainty.
- Money management:** Use tight stops to limit potential losses and avoid overtrading, especially if the market remains in a consolidation phase.

To sum up, although gold is showing a slight uptrend today, caution is still called for given the economic and political uncertainties. Traders should keep an eye out for technical confirmation before taking positions.