Gold at $2370: Will Retrace to $2315 and Rebound to $2415

Gold shows initial signs of pullback from $2393 as momentum takes a breather.
Price action suggests cautious approach as probability of retracement towards breakout zone indicates retest of $2368 which may attract some buyers.

If this support is breached, look for another dop down to $2355-$2343-$2331

If selling persists beyond these areas, a deeper pullback extending to discounted zone 78.6% Fibonacci level $2315 can not be ruled out.

Bargain hunters and value buyers are very likely to resurface in anticipation of rebound reaching swing high $2393 and extending to next overhead resistance zone $2415

If this rally from $2315 reaches $2415, this may be a $100 up wave.