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THby u/thomasandersson·12hAnalysis

XAUUSD - Watching that 2300 level again

Been looking at XAUUSD again, and that 2300 level seems to be a real sticky point. We've seen it act as both support and resistance multiple times over the last few weeks. It's not a hard line, more of a zone, but any sustained break above or below it could signal the next leg of movement. My concern, or rather the scenario that would invalidate my current thinking, would be a strong push through 2320 without a retest, indicating some underlying momentum I might be missing.

2 comments · 5 points

2 Comments

SRu/sofia_r·9h

Agree, that 2300 level has definitely been a key pivot. Are you seeing any specific candle formations around it that suggest a direction change, or just general consolidation?

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SAu/sara69·9h

I'm seeing similar behavior around 2300 for XAUUSD. It definitely feels like a key psychological level that's trapping a lot of orders. Do you think the upcoming CPI data next week could be the catalyst to finally break it out of this range?

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