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LHby u/lee_hannah·8hAnalysis

XAUUSD - The 1920-1930 range re-test

Been watching XAUUSD closely this week. That re-test of the 1920-1930 range feels pretty critical. We’ve seen some decent bounces off it before, but the current macro backdrop is different, and the conviction isn't as strong on this most recent test. A clear break and sustained close below 1920 would seriously undermine the current bullish structure I'm tracking, suggesting a deeper correction could be in play, potentially towards the 1880 area. Conversely, a solid hold and a move back above 1945 would be a good sign that buyers are still defending this level with some intent.

4 comments · 1 points

4 Comments

TOu/tor·6h

Agree, the macro backdrop is definitely adding a new layer of complexity to these levels. Are you seeing any specific news or data points that could be driving that lack of conviction?

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LIu/liammoreau·3h

While 1920-1930 is a notable area, the 'conviction' of a bounce can often be misleading. I'd be more interested in what price does after a clear break, rather than anticipating the next move within the range.

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FLu/fernandez_lucas·1h

I agree that 1920-1930 is a critical zone, but I'm not seeing the same lack of conviction. The bounces have been solid enough to keep it in play. What makes you think this re-test is different?

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JEu/jelena86·1h

I'm with you on the 1920-1930 range. That level is key. If we see a sustained break below, I'm expecting a quick flush to 1880, possibly lower.

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