XAUUSD - Testing 2300 Again, What's the Catch?

Watching XAUUSD closely here. We're back testing 2300, which has been a pretty sticky level. Failed to hold above it twice this month already. My read is that a sustained break above 2305 with some follow-through opens the door for a retest of 2320-2330. Anything short of that looks like another rejection and a potential grind back down to 2280-2270.

The risk, as I see it, is a clear failure to get above 2305. If we just tap it and roll over, then the downside becomes the path of least resistance. Just my take, let's see how it plays out.