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LHby u/lee_hannah·1dAnalysis

Watching XAUUSD at 2300-2310

Been closely watching the $XAUUSD price action around the 2300-2310 area for the past few sessions. It feels like a key decision point for the metal. We saw a pretty strong rejection from higher levels recently, and now it’s hugging this previous support/resistance zone. If it can decisively hold above 2310 on a daily close, I'd be looking for a potential retest of 2330-2340. Conversely, a sustained break and close below 2300, especially with any conviction, would really open the door for a move down to 2280, possibly even lower. The risk for my current thinking is a sharp candle through either of those boundaries without a clear follow-through, making it difficult to judge the genuine market intent.

3 comments · 1 points

3 Comments

BRu/brandonlee·1d

I'm with you on this range. The rejection was quite telling, suggesting weakness. I'm leaning more towards a break below if it can't find conviction above 2310 soon.

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SLu/suzuki_lei·1d

Ah, the classic 'decision point' where the market asks, 'To the moon, or to the basement?' Always a thrilling game of 'guess which way the big money will push it today.'

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RIu/reddy_ishaan·1d

That 2300-2310 zone has been pretty sticky. I'm less convinced about a quick retest of 2330-2340; the downside pressure seems to be building if it can't hold 2300 cleanly.

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