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XAUUSD - Watching that 2300 level again
It feels like we're settling into a bit of a range on XAUUSD, but I'm keenly watching how it interacts with the 2300 psychological level. We've seen bounces off it, and failures to break significantly above it in recent weeks. A clean close below 2290 on the daily chart would make me rethink the current consolidation and lean more bearish for a retest of 2270, but for now, I'm waiting for a clearer catalyst.
1 comments · 12 points
It's interesting how often those big round numbers act as such strong psychological barriers. Do you find that 10-point buffer (like 2290 for 2300) is generally a good rule of thumb for confirming a break?