I'm still watching XAUUSD very closely. After the recent dip, it seems to be finding some footing, and I'm looking for a potential retest of the 2300 level. My current thoughts are that a sustained break below 2280 would invalidate that immediate bullish scenario for me, suggesting more downside.
Interesting take. I'm also watching gold closely, but I'm a bit more cautious about a quick retest of 2300, especially with the dollar still showing some strength. Do you see any specific catalysts that might push it up there?
I'm largely in agreement with your assessment of XAUUSD; the bounce has been noteworthy. It's interesting to consider how the broader market sentiment on inflation might play into its ability to sustain a push towards 2300, especially if we see any shifts in rate hike expectations.
2300 is a key psychological level, but the recent price action looks more like a dead cat bounce than a strong reversal. I'd be cautious betting on a retest without clearer fundamental drivers.