With war risk diluting, surging demand for safe haven takes a break diverting smart money out from Gold to other channels as prices broke 23.6% Fibonacci zone at $2326 and today's opening session witnessed metal declining to $2295
Current price action shows some tactical pull back towards immediate resistance $2316 which if cleared, opens way for extended recovery to next challenge $2326-$2333 as area of interest for action-reaction among bears waiting to reposition their shorts and bulls looking for buying value.
There are chances of price rejection from $2326-2333 with potential drop to $2288 and extension lower to $2260
Trend is bearish.
Look for selling opportunities around resistance.