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Daily GOLD Forecast – 29.11.2023

The recent price movement aligns seamlessly with my prior analysis. The price has attained a formidable resistance zone at 2050. Historical data indicates previous pullbacks from this level. Notably, the price exhibits indications of a possible false breakout from the resistance on the 4-hour timeframe. It is my belief that the market could experience a pullback from this resistance. Examining the daily timeframe, the price has encountered a robust resistance zone where downward pressure was observed. My target is a support level situated around 2005.