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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
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?