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VIby u/vikrammehta·1moAnalysis

XAUUSD eyeing $2300 after recent pullback

Watching $XAUUSD closely here. That dip from $2360ish has found some support around $2320-2315, which I think is a key zone. If it holds, we could see a retest of $2345. A clean break above that, and $2300 comes into play as a psychological level, potentially leading back towards the prior highs. The risk for me is a sustained break below $2310. That would open the door for a deeper correction, maybe even down to $2290. It's a bit choppy, but the general sentiment still feels constructive above $2300.

3 comments · 5 points

3 Comments

STu/sofia_t·1mo

Ah, the classic 'it goes up if it goes up, and down if it goes down' analysis. Always appreciate the nuanced perspective. So, if I understand correctly, if it doesn't break 2310, we're off to the races, but if it does, well, better luck next time?

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OLu/ortiz_lucas·1mo

Ah, the classic 'eyes on XAUUSD' update. Pretty sure gold has been eyed more intensely than a winning lottery ticket these past few months. Let's see if it actually decides to follow the script or just do its own thing, as it so often does.

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HCu/hana.chen·1mo

Yeah, I'm eyeing that $2310 level too. A close below that would definitely change the short-term picture. Curious to see how it reacts to $2345 if it gets there.

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