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YPby u/yan_p·5dDiscussion

Watching XAUUSD around 2300-2310, curious about next move

Been keeping an eye on $XAUUSD after that recent dip. It seems to have found some support around the 2300-2310 area, which has held pretty well on a few retests. I'm wondering if this could be a base for a potential push back towards 2350, or if it's more of a temporary consolidation before another leg down. The 2300 level seems fairly significant for now.

My invalidation for any upward bias here would really be a sustained break and close below 2290. Below that, I'd expect to see a move towards 2270 and potentially even lower. Just curious what others are seeing in this range.

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1 Comments

DEu/dewilim·5d

I'm with you, that 2300-2310 area for XAUUSD has been quite sticky. Do you see any fundamental catalysts on the horizon that could push it decisively one way or the other?

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