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XAUUSD - Keep an eye on 2060
Watching $XAUUSD closely today; it's been a bit of a rollercoaster lately. I've got 2060 as my line in the sand. If we can get a decent close above that, I'd say there's a strong likelihood of pushing further, maybe even to test some of those previous highs. However, a solid rejection there, especially on good volume, would make me reconsider the immediate bullish outlook and suggest we could see a retreat back towards 2040. It's always a fun game, isn't it?
1 comments · 1 points
That's a pretty precise level you're watching. What makes 2060 significant for you on XAUUSD specifically? Is it a technical level or related to some fundamental news?