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JOby u/jokomahmud·4dAnalysis

XAUUSD - Watching for a clean break or rejection at 2300

Been watching XAUUSD pretty closely. It's consolidating around the $2300 mark, which has been a pretty significant psychological and technical level. On the upside, if we get a decisive close above $2310 on a daily, I think we're probably clearing out for a run towards $2340-$2350. However, the risk I see here is a failure to hold above $2300, leading to a drop back towards $2280 or even testing the low 2270s again. This could happen if we see some strong dollar recovery or just general risk-off in equities that doesn't flow into safe-havens. Always keep your stops tight around these consolidation zones.

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