XAUUSD - Watching for a break or hold at 2000
Been looking at $XAUUSD for a potential move. It seems to be gravitating around the psychological 2000 level. I'm curious if we see a solid break and retest of that level as support, which could suggest further upside. Alternatively, a clear rejection here, especially if accompanied by increased dollar strength, might indicate a pullback towards the 1980-1975 zone.
The risk for a bullish scenario here is a decisive close below 1990. For a bearish view, if it punches through 2005 and holds, that would make me re-evaluate. It feels like a pretty key pivot point right now, and I'm just trying to read the tape for some clearer direction.
I'm leaning towards a potential pullback if the dollar strengthens, but a clean break above 2000 could be a strong signal for the bulls.