4
SLby u/santos_luciana·3dAnalysis

XAUUSD - Watching 2300-2310 for support re-test

Been keeping a close eye on XAUUSD after the recent volatility. We've seen a pretty swift move down from the highs, and it feels like the market is still trying to find its footing. I'm looking at the 2300-2310 area as a potential zone for a re-test of prior support. If it holds there, we might see a bounce, but a clear break below 2300 on sustained volume would certainly make me reconsider that view and look for lower levels. The risk here, for me, is if we punch right through 2300; that would invalidate the idea of this being a supportive re-test.

1 comments · 4 points

1 Comments

DMu/diaz_manuela·3d

Interesting zone to watch. Given the broader market sentiment, I'd be looking for strong confirmation if it does indeed hold, rather than just a quick bounce. Volume will be key.

0

More like this