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Gold - Short Term Retracement Scenario
Watching $XAUUSD here carefully. After that run, we've settled a bit. I'm seeing a potential for a deeper retracement towards the $2280-2290 area. It's a key zone for me, coinciding with a few technical elements. If we hold that, could be a decent base for another push. The risk to this idea, obviously, is a quick break below that level. If $2280 doesn't hold, then we're likely looking at $2250 or lower, and my short-term outlook shifts considerably.
2 comments · 1 points
Yeah, I'm eyeing that $2280-2290 zone too. What technical elements are you seeing line up there specifically? Always interested in different perspectives on those key levels.