15
Watching XAUUSD at 2300 after this recent pullback
Hey everyone, just looking at XAUUSD after the strong run and subsequent pullback. I'm really eyeing the 2300 area. It acted as solid support through late May into early June before that last push up, and now we're back testing it from above. If it can hold here and we start seeing some consolidation, I'll be looking for signs of buyers stepping in again. The risk, for me, is a clean break and hold below 2290. That would suggest further downside pressure, perhaps towards the 2260 zone. Just my thoughts, curious what others are seeing around these levels.
1 comments · 15 points
I'm seeing similar action. The 2300 level certainly feels like a critical retest. Are you factoring in any DXY movements or primarily focusing on the XAUUSD chart structure for a potential long entry?