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Gold pushing 2030, but not convinced yet
XAUUSD has been firm, but I'm watching that 2030 level closely; a strong daily close above it is needed to truly confirm upward momentum, otherwise, it looks like a false breakout and we could easily retrace to 2010.
1 comments · 1 points
That's an interesting point about the 2030 level. Do you usually wait for a daily close for confirmation, or are there other indicators you look at for false breakouts?