The recent price action aligns seamlessly with my preceding analysis. It rebounded from a significant support level. Following the formation of a double top, the price tested the resistance and retraced towards the support level. Gold is currently in a ranging phase after reaching a recent peak. This ranging behavior may persist due to the presence of a robust resistance zone above. I anticipate a reevaluation of the recent resistance zone, resulting in market choppiness. I believe the price is in an accumulation phase, poised to break and close above. My target is set at the resistance zone, approximately around 2007.50.