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XAUUSD - Watching 2300 after recent action
Interesting to see XAUUSD consolidate after the push higher. I'm keeping a close eye on the 2300 level. If it breaks convincingly below that, particularly on a daily close, the recent bullish momentum might be invalidated, suggesting a deeper pullback. Above 2300, the bias remains constructive for now.
1 comments · 1 points
I'm with you on watching 2300 closely. A clean break and close below that would definitely signal a shift, though I wonder how much of the recent move was just short covering vs. fundamental strength. It'll be interesting to see if any sustained buying comes in to defend that level.