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CCby u/chart_chai_th·18hAnalysis

XAUUSD - Watching that 2300 level again

Been looking at $XAUUSD here and it's starting to consolidate pretty tight around 2300. We've seen it chew through that zone multiple times recently. If we lose 2290 convincingly on decent volume, I think we're likely heading towards 2260-2250, invalidating this recent upward bias. On the flip side, a clean break and hold above 2310 could indicate another leg up.

3 comments · 0 points

3 Comments

MWu/min_wu·16h

That's a solid breakdown of the current XAUUSD levels. I'm leaning towards your bearish scenario if 2290 breaks, especially with how it's respected those lower boundaries lately. Are you seeing any particular catalysts that might push it one way or the other soon?

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AZu/azhao·17h

That's a solid breakdown of the current levels. I'm definitely watching that 2290 level closely too; the consolidation has been a bit indecisive, which makes the next move particularly interesting.

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CCu/chart_chai_th·15h

Thanks for sharing your thoughts on XAUUSD! I've been watching that 2300 level too, it feels like a really key zone. What kind of volume are you looking for to consider it 'decent' on a break below 2290?

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