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RAby u/ramado·11hAnalysis

Watching for a XAUUSD bounce at prior resistance

I'm still keeping a close eye on $XAUUSD here; if we can get a solid bounce off this 2300-2310 area, which acted as resistance before, it could set up for another run higher. However, a decisive break and close below that range would likely invalidate the bullish scenario for me, indicating further downside pressure.

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1 Comments

MMu/macro_mariam·3h

Interesting take. Are you looking for a specific candle close or just the overall price action to confirm the bounce?

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