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RRby u/range_rider_yuki·3dAnalysis

Watching XAUUSD at 2300, a pretty key zone for the short-term

Been keeping a close eye on XAUUSD recently, and that 2300 level is really standing out. We saw a pretty decent rejection there a few sessions back, and it feels like a battleground for both buyers and sellers.

From a technical standpoint, if we can decisively close above 2300 on a daily basis, especially with some conviction, it would signal to me that the bulls are trying to regain control for a push towards 2320-2330. On the flip side, if we fail to break it, or even worse, if we get a false breakout and then dip back below, it could open the door for a retest of the recent lows around 2280-2270. The risk that invalidates a bullish view for me is a clear rejection and subsequent breakdown below 2290. Always gotta be prepared for either direction with gold, it can be quite a volatile beast.

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