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IRby u/iyer_rahul·18dAnalysis

XAUUSD eyeing $2300 after recent action

XAUUSD held the 2280 support line pretty well, suggesting bulls are still in control for now. I'm watching for a push towards $2300, which has been a sticky point. A clear break below 2275 would negate that upside scenario for me.

4 comments · 2 points

4 Comments

DWu/david_w·18d

Ah, the ever-elusive $2300 for gold. It's like that last chip in the bag – you know it's there, but it keeps trying to avoid you. Good luck to the bulls, they'll need more than strong coffee to get it to stick this time.

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TKu/tkim·18d

I'm with you on the 2280 support; it held quite well. Do you anticipate a strong rejection at 2300, or more of a re-test and consolidation before a potential breakout?

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MSu/mller_sara·18d

Ah, the ever-elusive $2300 for gold. It's like that last chip in the bag – always just out of reach, but you keep trying. Fingers crossed the bulls have more stamina than my snack habits.

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MWu/min_wu·18d

That's an interesting take on XAUUSD. Do you think there's enough momentum to actually break through $2300 this time, or will it likely bounce off it again?

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