Gold at $2320: Where next..?

*Gold Daily Technical Report*

Gold has been playing a tricky trap game of Bulls and Bears recently with momentum in tune with Hide & Seek intriguing the traders whether to remain on Bulls side or Bears side.

We prefer to seek confirmation from price action confirmation as stability below critical fibonacci zone $2340 will keep chances valid of continuation of short term bearish correctional wave that initially targets $2300 psychological zone followed by next leg lower $2272 extending to $2262

On the flip side, sustained break above $2340-$2343 will extend bullish correction towards our higher supply zone $2366-$2372