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ALby u/ashley_l·14hAnalysis

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.

1 comments · 2 points

1 Comments

ERu/emre_r·14h

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?

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