XAUUSD data (Gold/Dollar)
Date : 2025-08-23
Opening : 3363.43
Higher up: 3365.5
Below: 3359.53
Closing : 3360.19

Economic news :
Global FX Market Summary: Fed holds rates, ECB rate cuts delayed Global Trade and Geopolitical Tensions 22 August 2025
GBP/USD Price Slides to 2-Week Low Ahead of Powell's Speech
GBP/USD: Friday Correction After Surge

Detailed analysis:
Today, the gold market (XAUUSD) is showing a slight downtrend, closing at 3360.19, slightly below the opening. Key levels to watch include immediate support around 3355, while resistance lies at 3365, recently tested but not breached. Volatility remains moderate, influenced by the Fed's recent announcements that it is holding rates steady, and the absence of further cuts by the ECB. On the geopolitical front, trade tensions and uncertainty surrounding Powell's speech are adding a layer of uncertainty.

**Short-term scenarios:**

1. **Bullish scenario:** If gold manages to break through and hold above resistance at 3365, we could envisage a move towards 3375. This scenario would be invalidated if gold broke back below 3355, indicating a lack of bullish momentum.

2. **Range scenario:** The market could oscillate between 3355 and 3365, in the absence of major catalysts. Traders should be on the lookout for potential breaks of these limits in anticipation of a more assertive directional move.

3. **Bearish scenario:** A move below support at 3355 could pave the way for a fall towards 3345. This scenario would be invalidated by a return above 3365, signalling a resumption of upward pressure.

**Risk management advice:**

- Money Management:** Limit positions to a reasonable percentage of your capital to avoid jeopardising your portfolio in the event of unforeseen movements.

- Wait for confirmation:** Avoid entering positions on impulses. Wait for confirmation of a breakout or rebound on key levels to reduce the risk of a timing error.

All in all, caution is the watchword today, with macroeconomic and geopolitical tensions that could quickly change the situation. Stay tuned for developments in central bank rhetoric and geopolitical news.