XAUUSD - Watching 2300-2310 for reaction

Pretty clear to see XAUUSD has been getting smacked around a bit this past week. The run up was impressive, but frankly, overdone without any significant retrace. Now we're seeing some of that digestion.

I'm keeping a very close eye on the 2300-2310 area. For me, that's a critical zone. It was a pretty strong support level on the way up, and if we get a decisive break and hold below it, especially on daily closes, then I think we could see a quick move down towards the 2250-2260 region. That would be a significant shift in the short-term structure. On the flip side, if it manages to bounce hard from that 2300-2310 zone, we could be looking at a retest of 2350 relatively quickly. Right now, it's just chopping, but that key level will dictate the next move for me. Just my two cents, obviously, anything can happen.