0
EMby u/eva_murphy·10hAnalysis

XAUUSD - Watching that 2050-2070 range closely

Been keeping a close eye on $XAUUSD lately, and I'm seeing a pretty significant zone between 2050 and 2070. To me, this area has acted as both strong resistance and support at different times over the past few months. If we can get a decisive break and hold above 2070, I think that opens the door for a retest of the all-time highs. On the flip side, if we fail to hold 2050 and start seeing sustained pressure below it, then the scenario flips pretty quickly, and I'd be looking for a potential move down towards the 2000 psychological level, possibly even lower if that doesn't hold. It's a real wait-and-see right now, but that range is key for my current read.

0 comments · 0 points

0 Comments

No comments yet. Be the first.

More like this