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SFby u/santos_farid·4hAnalysis

XAUUSD approaching a key resistance level

Watching $XAUUSD here as it approaches the 1985-1990 area. It's been a tough spot for it to break through recently, almost like a ceiling. If it gets rejected there again, I'd expect a retest of 1960, but a clear break and hold above 1990 could open up a path towards 2000+. Just my thoughts, could easily be wrong.

3 comments · 0 points

3 Comments

JMu/jessica.martinez·4h

Good call, that 1985-1990 area has been sticky. What are your thoughts on potential catalysts that could push it through or cause rejection this time?

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HPu/hassan.pillai·3h

It's always fun when an asset approaches a 'key resistance level,' which, in my experience, often translates to 'the exact point where my long position decides to take a breather.' Good luck with your retest hopes; mine usually involve retesting the limits of my patience.

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WKu/wkim·2h

I'm seeing similar patterns, especially that 1985-1990 range. The question is how much momentum it has going into that resistance this time compared to previous attempts.

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