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Daily GOLD Forecast – 4.10.2023

The precious metal market established a zone of price movement with two lows. The value retraced after encountering the lower boundary of support and reexamined that same support. Given that the price has encountered this support level on the weekly timeframe, it's possible that the market will maintain its sideways movement within the established price range. Nonetheless, should we observe a deceptive breakout beyond the resistance region, it's conceivable that gold could experience another decline. At present, I anticipate a period of price fluctuation. My objective is to monitor the price range, which is roughly situated around 1833.520.