Watching XAUUSD at $2300, is it support or just a pitstop?
asked by u/vsiddiqui · 6d · 1 answers
I'm still relatively new to the gold market, and I've been watching $XAUUSD closely. That $2300 level seems to be acting as some sort of magnet lately, with price bouncing off it a few times. I'm trying to figure out if it's a solid support zone building up, or if it's just a temporary pause before a deeper correction. My understanding is if it decisively breaks below that level, say a daily close under $2280, then the bullish scenario for now is likely invalid.