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:
Gold markets are showing a slightly bullish momentum today, closing at 3389.32 after starting the day at 3387.21. Key resistance currently lies around 3393.8, while main support is at 3375. Volatility remains measured, but persistent trade tensions and speculation about a possible rate cut by the Fed continue to influence gold's movements.

The US dollar has stabilised, which has limited fluctuations in gold, although expectations of a reduction in key rates persist due to global economic uncertainties. Inflation remains a concern, but there have been no significant changes recently. European markets are showing a degree of stability, but fears of trade wars and hopes of a rate cut by the Fed are factors to watch.

Bullish scenario: If gold manages to break above resistance at 3393.8, it could test the upper levels around 3405. This scenario would be invalidated on a return below 3380. Traders should watch for US economic announcements that could strengthen the dollar, which could slow gold's advance.

Range scenario: Gold could move into a consolidation zone between 3375 and 3393.8. The boundaries of this range should be monitored for any significant breakouts. Pitfalls include false breakouts, especially when trading volume is low.

Bearish scenario: If support at 3375 gives way, gold could fall towards 3360. This scenario would be invalidated by a return above 3390. Traders should be wary of technical bounces, which could trap them in over-hasty short positions.

Risk management advice :
1. Avoid overtrading by waiting for clear confirmation before entering positions, especially in periods of low volatility.
2. Practice strict money management, setting adequate stop-losses to limit potential losses, especially in an uncertain market environment.