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SFby u/santos_farid·1hAnalysis

Watching for a move in XAUUSD around 2300

Been spending some time on the charts this morning, particularly XAUUSD. After the recent consolidation, I'm watching the 2300 level pretty closely. We've seen it act as a significant pivot point multiple times in the past few weeks, both as support and resistance. It feels like a key psychological and technical area.

My current read is that if we get a decisive break and hold above 2300 on a daily close, especially with some volume confirmation, it could open the door for a retest of the recent highs around 2350-2360. On the flip side, a strong rejection from 2300, or a break below and failure to regain it, would invalidate that bullish scenario for me. In that case, I'd expect a potential move back towards the 2270-2280 range. Just my two cents, always keeping an eye on the broader market sentiment and DXY.

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