Gold pushing 2070 again - but is it real?
asked by u/greta_m · 11d · 2 answers
Watching $XAUUSD closely here. We're testing that 2070-2075 area yet again. It's becoming a pretty significant resistance zone. If we get a clean break and hold above 2075 on a daily close, my bias would flip much more constructive towards 2100. The risk for that scenario is a rejection here, pushing us back towards the 2050-2040 region. I’m seeing some exhaustion on the lower timeframes, so I'm not ready to call a breakout just yet.