XAUUSD - Watching the 2350 Resistance After Recent Pullback

Been closely watching $XAUUSD here after the recent run-up and subsequent consolidation. From my seat, the critical level for gold remains around the 2350 mark. We've seen a couple of rejections there, suggesting significant supply is still present in that zone. While the broader trend still feels constructive, a sustained break above 2350 would, in my view, open the door for a retest of higher levels, perhaps towards 2380-2400.

Conversely, the downside risk I'm monitoring is a clean break below 2315. We've had some decent support hold up there in recent sessions, but if that gives way, I'd expect an acceleration towards the 2280-2290 area. It's a key zone for me, defining whether this is just healthy consolidation or if the bears are gaining more meaningful traction. No crystal ball here, but navigating these two levels seems crucial for understanding the next directional move. The global macroeconomic backdrop, particularly with inflation numbers and central bank rhetoric, will obviously continue to be a significant influence.