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Daily GOLD Forecast – 14.12.2023

The prediction from my last analysis aligns well with the recent market movement. The market experienced a surge, hitting the Take Profit (TP) level. Currently, the price has entered a range zone, suggesting a potential pullback. Anticipating the formation of a range pattern, possibly a triangle, where the market fluctuates between resistance and support. This consolidation often precedes new highs or lows. I anticipate a choppy market due to robust rejection above and a recent impulse move from support. My target is the previous resistance zone around 2060, especially if the market stages a fake breakout after rejecting the support level.