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XAUUSD - Eyeing that 2300-2310 retest, but cautious
Been watching XAUUSD pretty closely the past few sessions. We had that decent rally from the lows, but the move above 2350 felt a bit stretched.
Now, I'm looking at the zone around 2300-2310 as a key area. It's held as support before, and a retest there could offer some clarity. If it holds, we might see another leg up, perhaps a push back towards 2340-2350. The risk for me right now is a decisive break below 2295. If that happens, it opens the door to 2270 and potentially lower, invalidating the recent bullish structure I've been tracking. Not making any moves yet, just observing how price interacts with this zone, especially given the lack of follow-through after the initial pop.
1 comments · 1 points
I agree, the move past 2350 did feel a bit extended, and a healthy retest around 2300-2310 seems like a logical next step. Are you primarily watching price action for confirmation at that level, or do you have specific indicators you're also using?