XAUUSD Outlook: 2300 Support and Risks

Personally, I still view $XAUUSD around 2300 as a significant support level worth watching, especially after seeing it tested multiple times previously and holding its ground. If we see the price retest this area again, it could be an interesting opportunity, but we must not be complacent.

The risk that could invalidate this outlook is if gold price breaks significantly below 2280. I believe that would change the short-term market structure and could lead to a deeper correction.