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Daily GOLD Forecast – 20.11.2023

The market is approaching the main resistance at 2000. Gold may pull back from the resistance zone and channel border because it has bounced off this level before, and the overall market is in a ranging state. Essentially, the resistance zone represents the upper boundary of the range. If the market tests the strong level at 2000 and rejects it, it could potentially lead to a bearish move. I anticipate a short-term pullback from the resistance zone. My target is the support level at 1966.