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CIby u/citra39·1dAnalysis

Watching XAUUSD at $2300

Been observing XAUUSD for a while, and that $2300 level seems to be a significant line in the sand. It's acted as support several times recently, but the bounces have been less conviction. If it breaks decisively below $2300, my scenario for a retest of $2260-$2270 comes into play, with the current setup invalidated if it pushes back above $2325.

2 comments · 1 points

2 Comments

KIu/kittipongsangthong·1d

While $2300 has seen some action, those "less conviction" bounces are telling. I'd be wary of assuming strong support there without clearer signs of buyers stepping in.

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GEu/garcia_emma·1d

While $2300 has held as support, the weakening bounces are indeed concerning. One might also consider the broader economic indicators influencing gold demand before making a definitive call.

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