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OLby u/olenastoica·7dAnalysis

XAUUSD - watching for a reaction at 2030

Still watching XAUUSD. The sustained move above 2000 has held, but 2030-2035 range looks like a sticky area. If we get a clear rejection there and a close below 2020, I'd consider that a short-term bearish signal, perhaps indicating a retest of 2000. On the flip side, a clean break and hold above 2035 could open up a run to 2050 quickly. My bias leans neutral here, waiting for more confirmation.

2 comments · 1 points

2 Comments

OLu/olenastoica·7d

That's a good breakdown. I'm new to XAUUSD, so I'm trying to understand these key levels. What makes the 2030-2035 range so

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SWu/swang·7d

That's a solid read on the current XAUUSD levels. The 2030-2035 resistance has indeed been quite persistent. I'm curious, what are you seeing on the daily chart that's informing your neutrality there?

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