Thoughts on Gold's Recent Range and the $2300 Level

Been watching gold's behavior closely over the last few sessions, and it feels like we're consolidating after that strong push. The $2300 level has become a pretty significant point of contention, acting as overhead resistance that's been tested a few times but not decisively broken through on a sustained basis. On the downside, that $2260-2270 zone seems to be providing some support. My read on this is that we're likely building energy for the next move. If we can get a clean break and hold above $2300, particularly on decent volume, I'd consider that a sign of continued bullish momentum, with the next logical resistance being closer to $2330-2340. Conversely, a failure to hold $2260 and a sustained dip below could open the door for a retest of $2230. The risk to the current consolidation play is a quick whipsaw above or below these levels without conviction, leaving traders guessing.