XAUUSD data (Gold/Dollar)
Date : 2025-08-21
Opening : 3339.88
Higher up: 3342.56
Below: 3318.25
Closing : 3333.75

Economic news :
Market Spotlight On Fed Chair's Speech At Jackson Hole
Another slow day for major currencies in European trading today
Global Markets Navigate Fed Stance, Key Corporate Shifts, and Geopolitical Undercurrents

Detailed analysis:
On 21 August 2025, the gold market (XAUUSD) is in a downtrend, closing lower than at the open and with a narrow daily range of 3318.25 to 3342.56. Key levels to watch include major support around 3315, and resistance at 3345. Recent volatility remains moderate, reflecting investors' cautious expectations ahead of the Fed Chairman's speech in Jackson Hole, which could influence the direction of key rates and, by extension, the US dollar.

Current market dynamics are also influenced by weak activity in the major European currencies, as investors digest the potential implications of the Fed's decisions and ongoing geopolitical tensions. Particular attention should be paid to movements in the dollar, as a strengthening could accentuate the downward pressure on gold.

### Potential short-term scenarios :

1. **Bullish scenario**: If the price manages to break through resistance at 3345, an extension towards 3360 could be envisaged. This scenario would be invalidated by a close below 3315. Traders should be wary of false break signals, particularly if volume remains low.

2. **Range scenario**: Gold could oscillate between 3315 and 3345, awaiting clear indications from the Fed or significant geopolitical changes. Traders should be wary of abrupt moves on economic news announcements.

3. **Bearish scenario**: A break below 3315 could lead to an acceleration towards 3300. This scenario would be invalidated if the price breaks back above 3345. Beware of oversold traps where the price rebounds quickly after an initial break.

### Risk management advice :

- Caution and confirmation**: Wait for breakouts to be confirmed before taking positions, especially against a backdrop of moderate volatility and macroeconomic uncertainty.

- Position size management**: Avoid overtrading and adjust the size of your positions according to your risk tolerance, particularly before major announcements such as the Jackson Hole speech.

In short, stay alert to economic and geopolitical developments, and adopt a disciplined approach to navigating this period of uncertainty.