Thoughts on Gold's Recent Range and Potential Breakout

Been watching Gold ($XAUUSD) pretty closely the past few weeks. It's really settled into a tight range, roughly between $2300 and $2350. What's interesting to me is the persistent pressure at the top of that range, with several attempts to push higher that haven't quite stuck. The technical picture suggests a coiled spring, and a clean break above $2350, especially if accompanied by decent volume, could see it re-test the $2380-$2400 area pretty quickly. The risk, of course, is if we see a clear rejection from the $2350 level and a subsequent break below $2300. That would likely invalidate any immediate bullish outlook and could open the door for a move back towards $2280 or even lower, re-testing prior support. I'm keeping an eye on the macro cues this week, particularly any news that might impact bond yields, as that tends to be a significant driver for Gold.