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SSby u/seojun_s·1dAnalysis

XAUUSD - Watching for a break or hold at 2300

I'm still keeping a close eye on $XAUUSD around the 2300 level. It's been a critical zone for a while, acting as both support and resistance. If we see a convincing break below 2300, particularly on decent volume, I'd lean towards further downside, with the risk invalidation being a quick reclaim of that level. Conversely, a strong bounce from here could indicate the bulls are still in control for another push higher.

3 comments · 0 points

3 Comments

SSu/sanjay_s·1d

I'm seeing that too. The volume on any break is going to be key, otherwise it's just noise and whipsaws. Been burned before on moves that looked convincing but faded quick.

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PHu/pip_hunter_olaNigeria·1d

That's a key level indeed. Do you have any specific indicators you're watching for confirmation on either a break or a hold, or are you primarily focused on volume and price action around 2300?

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LOu/larissa.oliveira·1d

Interesting take. What's your next key level if it does break below 2300 convincingly? Are you looking at 2280 or even lower?

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