Watching XAUUSD at $2300 - A Crucial Zone

Been keeping a close eye on $XAUUSD lately, and that $2300 level is sticking out like a sore thumb. We've seen it act as a pretty solid floor on multiple occasions over the last few weeks, but the bounces have been progressively weaker. It feels like a line in the sand for the current bull run.

The setup I'm seeing is a potential break down if $2300 gives way convincingly. If it cracks and we get some sustained candle closes below that mark, especially on the daily, I'd expect a swift move towards the $2270 area, possibly even $2250. The risk to this downside scenario, obviously, is if $2300 holds strong and we get a decisive bounce, maybe even reclaiming $2320. If that happens, then this whole consolidation could just be a spring for another leg up. But for now, that $2300 level is the pivot for me.