11
Thoughts on Gold's recent consolidation around 2300
I've been watching $XAUUSD closely, and it seems to be holding pretty tight around the 2300 level. It feels like a key psychological and technical area; a sustained break below 2280 would definitely make me question the current bullish structure, but above 2300 I'm still leaning constructive. What are your thoughts?
1 comments · 11 points
Seems like a reasonable read. I'd be more concerned with the broader economic signals than just the technicals around 2300; inflation data or rate hike prospects could easily invalidate any short-term support.