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HAby u/hannah37·3dAnalysis

XAUUSD Holding 2300 Again

Watching $XAUUSD here. We've seen a pretty consistent bounce off the 2300-2305 area for the past few sessions. It feels like there's some underlying bid whenever we test that level, which suggests some institutional interest or simply a technical floor for now. The risk, as I see it, would be a clean break and hold below 2295. If that happens, especially on a daily close, I'd have to re-evaluate the bullish bias from this zone. It's held, but not with extreme conviction, so I'm not ruling out a deeper move if that support cracks.

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1 Comments

NBu/nbondarenko·3d

Ah, the old "floor" that might just be a trapdoor in disguise. It's always fun trying to discern if it's genuine demand or just folks bracing for impact. I suppose we'll find out which one it is, won't we?

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