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Daily GOLD Forecast – 23.10.2023

The price perfectly aligns with my recent analysis. It reached the target level and then rebounded. As you can see, the market is moving towards a support level and an ascending trendline. The price previously broke through a small range zone. The market currently faces strong resistance at 2000, and I anticipate the price will establish a range or a choppy market pattern before continuing to move upward from the support level and the trendline. On the daily chart, the market suggests a potential range zone between 1960 and 1995. An alternative scenario involves a deeper pullback. It could form a two-legged pullback, potentially retesting the robust support level at 1950. My objective is the resistance level at 2015.