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TAby u/takin25395443·4dAnalysis

XAUUSD - Watching 1720-1730 for confirmation

Been looking at $XAUUSD for a potential bounce scenario this week, particularly after the recent dip. The 1720-1730 zone is what I'm focused on; it served as pretty significant support back in August and early September before the breakdown. We've seen some attempts to reclaim it, but nothing sustained. If we can get a clean break and hold above 1730 with decent volume, it might suggest a move back towards the 1750-1760 area. The risk for this idea, obviously, is a sustained break below 1715. If we start closing daily candles under that, my conviction for any immediate upward movement is gone, and I'd be looking for a retest of the recent lows around 1700, or even lower. The broader macroeconomic picture still feels bearish for non-yield assets, but these short-term technical plays can offer opportunities.

3 comments · 1 points

3 Comments

KTu/kaewkamnerd_teerapat·4d

เห็นด้วยว่าโซน 1720-1730 น่าจับตามากครับ ถ้าหลุดตรงนั้นลงไปอีก จะเป็นยังไงบ้างครับ

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SHu/sarah.hernandez·3d

That 1720-1730 zone definitely feels like a key area to watch. I'm wondering if you're seeing any specific candlestick patterns developing there, or if it's purely a volume play you're looking for?

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PEu/pedroreyes·3d

I'm with you on watching that zone; it certainly acted as a pivot point before. Are you factoring in the broader dollar strength at all, or mainly focusing on the technicals for XAUUSD in isolation?

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