XAUUSD data (Gold/Dollar)
Date : 2025-08-21
Opening : 3339.88
Higher up: 3342.56
Below: 3330
Closing : 3330.69
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Detailed analysis:
Today's trend in the gold market (XAUUSD) appears to be trending lower, with the close slightly lower than the open, suggesting persistent selling pressure. The day's fluctuations revealed key support at around 3330, while immediate resistance lies at 3342.56. Recent volatility appears moderate, but geopolitical tensions and expectations regarding US key rates could accentuate this dynamic.
The possible weakening of the US dollar ahead of potential rate cuts announced at Jackson Hole could influence the gold market. However, these movements have yet to be confirmed by official announcements. In this context, traders should keep a close eye on reactions around these critical levels.
**Bullish scenario:**
- Hypothesis:** A rebound above resistance at 3342.56 could signal a bullish recovery.
- Invalidation:** A return below 3330 would invalidate this scenario.
- Levels to watch:** A clear crossing of 3342.56 with sustained volume.
- Traps to avoid:** Do not rush to a break without confirmation from additional indicators.
**Range scenario:**
- Assumption:** The market could move sideways between 3330 and 3342.56.
- Corners:** 3330 support, 3342.56 resistance.
- Levels to watch:** The extremes of this range for short-term trading opportunities.
- Pitfalls to avoid:** Avoid overtrading in this narrow range and wait for clear signals before acting.
**Bearish scenario:**
- Hypothesis:** A sharp break below 3330 could pave the way for a new wave of selling.
- Invalidation:** A quick return above 3330.69.
- Levels to watch:** A daily close below 3330 with significant volume.
- Pitfalls to avoid:** Do not short sell too early without confirmation of a sustained move.
**Risk management advice:**
1. **Money Management:** Limit your positions to a reasonable percentage of your total capital to reduce exposure to risk.
2. **Wait for clear confirmation of key levels before taking positions, especially in a market influenced by volatile macroeconomic factors.
Take a cautious, analytical approach to navigating this session, keeping an eye on upcoming economic data and potential announcements from the Federal Reserve.
