XAUUSD Outlook Around $2300: Just a Pause or Preparing for Further Decline?
Diterjemahkan otomatis dari aslinya · Baca versi asli (English)
XAUUSD has recently pulled back to around $2300, and many are watching to see if this will be a significant support level for a bounce back up, or just a temporary pause before dropping even lower.
From what I've observed, the price holding above $2300 is noteworthy, but we must not forget that selling pressure still exists. Especially if it breaks below $2280, the picture won't look good at all. We might see a drop to $2250 or even lower quite easily.
Personally, I still lean towards the idea that there might be some narrow range trading before a clear direction is chosen again. Therefore, I think observing price action at $2300-$2280 is very important. If it cannot hold strongly above $2300, then we must be wary of the risk of further correction, which could also be due to other external factors.