XAUUSD Holding 2300, Eyes on 2280

Been watching gold closely this week. That 2300 level on XAUUSD seems to be holding up with some conviction. It’s not breaking down easily, which suggests demand is still lurking just below. My eye is on a move towards 2280 – if we get there and it holds, that could be a significant retest of prior support turned resistance, or perhaps a higher low.

However, the risk I’m considering is a clean break below 2280. If that happens, then the bullish thesis around these levels is likely invalidated, and we could see a quick flush much lower. Just something to keep in mind for anyone playing the range here.