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XAUUSD - Watching the 2000-2010 range
Been keeping an eye on XAUUSD and that 2000-2010 level. It's acted as a pretty significant pivot point lately. We've seen rejection there before, and if it breaks clean and holds above, say, 2015 on a daily close, that changes the short-term structure for me. Otherwise, I'm expecting some continued consolidation, maybe a retest of the lower 1980s. The risk, of course, is a sharp break below the recent lows around 1960, which would certainly invalidate any near-term bullish lean I might have.
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