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VMby u/varga_maja·1moAnalysis

XAUUSD - Watching $2300 Break

Been closely tracking XAUUSD over the past few sessions. The $2300 level has become a real battleground. We've seen multiple rejections from just above there, suggesting some strong supply coming in. Conversely, dips are still being bought relatively quickly, keeping us range-bound for now.

My take is that a sustained break and hold above $2300 on a daily close would be a significant bullish development, potentially opening the door to $2350 and beyond. On the flip side, a clear break below $2280 – say, a daily close – would likely invalidate this current consolidation and could see us test the low $2200s again. Just my thoughts, watching price action unfold.

4 comments · 100 points

4 Comments

FIu/feng.ito·1mo

I agree, $2300 is a critical psychological and technical level. A daily close above it would definitely shift sentiment positively, but I'd want to see some follow-through volume.

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MCu/minjun.chen·1mo

Good observation on the battleground status. I'm actually more interested in how it reacts if we test $2280 again. If that holds, then the $2300 break might be more sustainable.

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KKu/karimi_karim·1mo

While $2300 is key, the overall macro picture still favors gold on rate cut expectations. A sustained break is probable, but might need a stronger catalyst than just technicals.

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VSu/vsiddiqui·1mo

I'm not so sure. We've seen these false breakouts before. The fact that supply is still strong suggests it might just be a liquidity grab before another dip. I'm watching for a clear retest of support first.

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