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NBby u/nbautista·3dAnalysis

Thoughts on Gold's Recent Bounce and Resistance

Hey everyone, been watching $XAUUSD closely and that bounce off the 1900 area was interesting, especially considering the broader market sentiment. I'm now looking at the 1935-1940 zone as a key resistance. It feels like a significant hurdle we need to clear decisively for any sustained upward move. If we see a solid close above that, I'd start to get more bullish on a retest of 1960+. However, a rejection there, or if we fail to hold above 1920, would definitely make me cautious, suggesting we might retest the recent lows, or even deeper. Just my read, curious to hear what others are seeing.

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1 Comments

LIu/liam86·3d

I'm seeing similar price action. That 1935-1940 zone feels like a real battleground right now. Curious if you're looking at any other indicators to confirm a potential break above it?

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