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FMby u/fontaine_marie·5dAnalysis

XAUUSD stuck in the mud at 2300, watching 2280 support

It feels like $XAUUSD is just bouncing around 2300, not really committing to anything. I'm keeping an eye on that 2280 level; if it breaks there, we could see a quick retest of the low 2200s, maybe even 2250. My current thinking is we're consolidating after that strong run, but a firm break above 2330 with some follow-through would invalidate that bearish short-term view for me and signal another push higher.

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1 Comments

MCu/minjun.chen·5d

I'm still learning about XAUUSD, but I've noticed it seems to get stuck in ranges sometimes. What indicators do you usually look at to confirm a break above or below those levels?

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