Gold

1. Bullish Case: If gold breaks above the $2345 resistance level with increased volume, we could see a move towards the next resistance at $2350.
2. Bearish Case: On the downside, a break below $2340 could lead to a test of the lower support levels around $2330 and $2325.

Core PCE Price Index m/m Report: The upcoming Core PCE Price Index m/m report could introduce significant volatility. A higher-than-expected reading might strengthen the US dollar, potentially putting downward pressure on gold prices. Conversely, a lower reading could weaken the dollar, providing support for gold.

Gold is currently consolidating between $2330 and $2350. Keep an eye on these levels for potential breakouts. The upcoming Core PCE Price Index report might provide the catalyst needed for a decisive move.

1. Price Levels: The current price is around 2343.39. The chart shows a range between 2341.90 and 2344.40.
2. Volume Profile: The highest volume node is around 2342.63, with significant volume around this level indicating strong interest.
3. Delta and Imbalances: Delta is -10, indicating more selling pressure in the recent period. The max delta is 8, and min delta is -21, showing significant fluctuations.
4. VWAP: The VWAP is at 2342.85, which is slightly below the current price. This suggests that the average traded price is a bit lower, indicating some buying interest at the current levels.

1-Hour Chart

1. Price Levels: The price is fluctuating around 2343.84 with visible resistance at 2346.210 and support at 2343.430.
2. Volume: There is consistent volume, with peaks indicating strong trading activity at certain price levels.
3. Trend: The trend appears to be consolidating, with the price moving sideways in a narrow range.
4. EMA 200: The EMA 200 is at 2370.635, well above the current price, indicating a bearish trend in the larger timeframe.

Daily Chart

1. Price Levels: The price is around 2342.930. Resistance is around 2405.825, and support is around 2336.437.
2. Volume: The volume shows spikes during major moves, suggesting strong participation during these times.
3. Trend: The daily chart shows a bearish trend with the price moving lower from recent highs.
4. EMA 200: The EMA 200 is at 2130.820, which is lower than the current price but not immediately relevant for short-term moves.

Summary and Probabilities:

1. Short-term (5-Minute Chart): The price is likely to remain within the range of 2341.90 to 2344.40. With the current delta indicating selling pressure, a move towards the lower end of this range (2342.00) is more probable. However, the VWAP is slightly below the current price, indicating some buying support.
2. Medium-term (1-Hour Chart): The price is consolidating with slight downward pressure. Breaking below 2343.430 could lead to further declines towards 2336.437. However, if it manages to break above 2346.210, it could target the 2350 level.
3. Long-term (Daily Chart): The daily trend is bearish. If the price fails to hold above the support at 2336.437, it could see further declines. Conversely, reclaiming levels above 2350 could signal a potential reversal or consolidation phase.

Probabilities:

1. Downward Move: 60%
   1. Based on the delta in the 5-minute chart, the consolidation in the 1-hour chart with downward pressure, and the overall bearish trend in the daily chart.

2. Sideways Movement: 30%
   1. Considering the consolidation pattern visible in the 1-hour chart.

3. Upward Move: 10%
   1. If the price breaks above the immediate resistance levels and sustains, indicating a reversal.