0
Watching XAUUSD at that 2300 level again
Morning all. Just looking at $XAUUSD again today and it's interesting how it keeps gravitating back towards that 2300 mark. It's been a real magnet, hasn't it? I'm personally seeing it as a crucial line in the sand for now. A sustained break below 2280, perhaps on strong dollar news, would definitely make me reassess the current consolidation idea and suggest we might be looking at a deeper pullback. Conversely, a solid daily close above 2320 could signal intent to test higher again. Just my two cents, always could be wrong.
1 comments · 0 points
I've noticed that too. It really does feel like a battleground around 2300. Do you think there's significant institutional interest defending that level, or is it more retail driven liquidity?