- After hitting a record high around $2,480 per troy ounce, XAUUSD retraced near support at around $2,400 per troy ounce.
- if XAUUSD bounces off the $2,400 per troy ounce support, the price could retest the previous high and reach an all-time high.
- However, if XAUUSD retraces further, the price could test the next support level at around $2,350 per troy ounce.