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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.
1 comments · 5 points
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?