XAUUSD is hovering just above the 2300 mark, which looks like a key psychological and technical support. A sustained break below 2290 could invalidate this floor, suggesting a deeper retracement.
Ah, 2300, the new 2000. It's funny how these 'critical' levels seem to shift like the goalposts in a child's soccer game, always just out of reach for a sustained profit.
Yeah, 2300 definitely feels like a make-or-break level for now. I'm curious if we see some consolidation here before the next big move, or if the bulls just power through.
I'm still learning about support and resistance. What makes 2300 such a strong psychological level specifically for gold?