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XAUUSD approaching a retest of 2300
Watching XAUUSD closely here. We've seen a pretty aggressive move down over the past week or so, and it looks like we're heading back to test that 2300 level again. It held as decent support on the previous dip, and a bounce from there would align with the broader bullish structure if it holds. I'm looking for some consolidation or a clear rejection of lower prices around that zone. Failure to hold 2300 convincingly, perhaps a daily close below 2290, would obviously invalidate that short-term support idea and suggest a deeper correction could be in the cards, potentially back towards 2250.
2 comments · 1 points
Yeah, 2300 seems like a critical level for XAUUSD right now. Are you waiting for a clear candle close above it, or would a wicky bounce be enough to consider an entry?