Thoughts on Gold's short-term range post-FOMC

Watching gold carefully after the recent FOMC minutes. We saw a push back towards the $2350 area, but the follow-through has been pretty muted. I'm leaning towards the idea that gold will stay largely contained within a $2320-$2380 range for the remainder of the week, maybe even into early next. The market seems to be digesting the slightly more hawkish undertones, but there isn't enough immediate catalyst to really break us out of this current consolidation. I'd put the probability of seeing a sustained move above $2380 or below $2320 by Friday's close at around 30% each way. My primary scenario is still grinding within that band.

The real test will come with more incoming data, especially any surprises in inflation reads or shifts in unemployment figures that could genuinely alter rate cut expectations. Until then, it feels like traders are positioning defensively rather than aggressively directional. Don't see much conviction on either side to push it through current resistance or support levels, at least not with current market information.