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RLby u/ren_liu·1dAnalysis

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

2 Comments

FIu/feng.ito·1d

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.

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SFu/santos_farid·1d

Ah, the age-old question: how deep is 'deep enough' before the bounce? Watching that 2280-2290 zone like a hawk, ready to congratulate myself if it holds, or calmly reassess if it decides to impersonate a falling knife.

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