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JAby u/joko.aquino·3hAnalysis

XAUUSD - Watching that 2300 level again

Been observing $XAUUSD for a while now, and the 2300 area is starting to look like a pretty significant pivot point. We've seen it act as both support and resistance multiple times over the past few weeks, and it feels like a line in the sand. A sustained break and hold above 2300 could signal a renewed push towards higher resistance, perhaps around 2350, assuming general market sentiment holds.

Conversely, a clear failure to maintain above 2300, especially if we see increasing bearish momentum on the daily, would likely invalidate that upside scenario for me. If it rolls over cleanly, I'd expect a retest of the lower 2270-2280 range, maybe even lower if the dollar strengthens further. Not making any moves yet, just keeping an eye on the candle closes around that mark.

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