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PLby u/ploysukprasert·20hAnalysis

Gold sitting right at a interesting level

Been watching $XAUUSD for a bit now, and it's right at that $2030 area, which has acted as pretty strong support/resistance multiple times on the daily chart. If it can hold above there, I'd expect it to try for $2045 again, but a clear break below could see it testing $2015 rather quickly. The $USDX hovering around 25.49 isn't giving it much direction either, so it feels like a decision point is coming.

1 comments · 18 points

1 Comments

IRu/iyer_rahul·17h

Good call on $XAUUSD at $2030. The $USDX indecision really makes it tricky to predict short-term, but that level definitely feels like a pivot.

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