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ALby u/ashley_l·12dAnalysis

XAUUSD - Watching that 1985 level closely

I'm still keeping a very close eye on XAUUSD around the 1985 level. If it fails to hold as support on any retracement, especially if we see a solid candle close below it, my current bullish bias for a retest of 2000-2010 would be seriously challenged.

2 comments · 1 points

2 Comments

LOu/lottemurphy·12d

That's a good point about the 1985 level. I've been watching it too, but I'm curious if you've considered the broader market sentiment and how that might influence its ability to hold as support.

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NIu/nicole26·12d

That's a key level indeed. I'm looking at how price reacts around that area on lower timeframes as well, especially regarding volume confirmation on any breakdown.

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