XAUUSD data (Gold/Dollar)
Date : 2025-08-16
Opening : 3329.35
Higher up: 3336.01
Below: 3327.21
Closing : 3331.25

Economic news :
investingLive European markets wrap: Dollar eases lower ahead of US retail sales
Dollar gives back a chunk of its gains from the day before
Strong US PPI Jolts Global Markets, Gold Slides as Fed Dovish Hopes Fade

Detailed analysis:
Today, gold (XAUUSD) is trending slightly higher, closing at 3331.25, after oscillating between a low of 3327.21 and a high of 3336.01. Volatility remains moderate, but market attention is focused on recent US economic data, notably a stronger-than-expected PPI, which has tempered hopes of an accommodative stance from the Fed. The US dollar fell slightly, providing temporary support for gold, although inflationary pressures could influence interest rate expectations.

Key levels to watch include immediate support around 3325, with notable resistance at 3340. The areas at risk are mainly around US economic announcements, particularly retail sales, which are likely to revive volatility.

### Short-term scenarios :

**Bullish scenario:** If gold manages to break through resistance at 3340 and hold above that level, it could open the way to 3355. However, this scenario would be invalidated by a return below 3325, which would signal a weakening of the bullish momentum.

**Range scenario:** Gold could oscillate between 3325 and 3340, where traders should watch for false breakouts. Patience is required to wait for confirmation of an exit from this range before taking positions.

**Bearish scenario:** A break below support at 3325 could push gold towards the next support level at 3310. This scenario would be invalidated if gold breaks back above 3340, indicating a potential bullish reversal.

### Risk management advice :

1. **Money Management:** Use tight stops to limit potential losses, especially during periods of increased volatility following economic announcements.

2. **Avoid overtrading:** Wait for clear confirmation before taking a position, and don't try to force trades in an uncertain market. Patience is often an active trader's best ally.