XAUUSD - Eyeing the 2075-2080 Resistance
Been watching XAUUSD closely. The price action around 2075-2080 has been a consistent hurdle for a while now. We've seen rejection there multiple times, even with decent bullish momentum leading into it. It's not just a single level, but more of a zone, a clear psychological barrier where sellers seem to step in with conviction.
What I'm looking at now is how it interacts with this zone on the current push. If we get a clean break and sustain above 2080, especially on a daily close, that would invalidate the current resistance scenario for me. Below that, I'd expect continued pressure and perhaps a retest of the lower consolidation range, maybe back down to 2050 or even 2040. The $USDX staying firm at 25.57 could also exert some pressure, keeping gold from making that decisive move higher.