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Daily GOLD Forecast – 20.10.2023

The market is currently making strides towards the primary resistance level of 2000. After breaking out of the previously established range zone and experiencing an extension following a news release, the market has reached the 1980 resistance, from which the price retraced earlier. I anticipate a price pullback followed by a continued upward movement from the support level towards the key resistance. My target is set on the 1997.000 resistance level.