- XAUUSD cannot sustain above 2,350 USD per troy ounce. Prices retraced and began consolidating around $2,300 per troy ounce, just above support.
- If XAUUSD sustains above $2,300 per troy ounce, the price could test $2,350 and the high set on June 7.
- However, if XAUUSD trends below the $2,300 per troy ounce zone, the price could drop to the next psychological support level.