XAUUSD - Thoughts on the current consolidation around $2320

Been watching $XAUUSD closely this week, and the chop around the $2320 mark is getting interesting. It's not quite a textbook flag or pennant yet, but the compressed range after the move higher is certainly indicative of some undecidedness. I'm seeing decent support holding around $2300-$2305 on the intraday charts, which has been tested a few times. Resistance seems to be firming up closer to $2335-$2340.

My take is that a clean break out of this range, either above $2340 or below $2300, will likely dictate the next short-term move. A push above $2340 could target the $2360-2370 area, where we saw some prior resistance. Conversely, a sustained move below $2300 would likely open up a retest of the $2280-2285 zone, which has acted as a decent pivot point in the past. The risk to this scenario, of course, is that it continues to range within these boundaries, frustrating both sides. I'm staying patient, waiting for a clearer signal, as these consolidation phases can often lead to head-fakes if one gets in too early.