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Gold's interesting setup around 2300
I'm looking at $XAUUSD here and it feels like it's holding onto the 2300 level pretty stubbornly. We've seen a few rejections there but also some decent bounces off it, almost like a consolidation zone forming. If we get a sustained break below 2280, I'd consider my current short-term bullish lean invalidated, and we could see a deeper retest of lower support.
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I'm seeing similar action. The persistent bids at 2300 after the recent moves higher suggest strong interest, but a clear break below 2280 would definitely shift the near-term narrative. Are you looking at the weekly close for confirmation on that support?