Gold executed a substantial false breakout from the resistance zone. My perspective is that the market is poised for a period of consolidation following the recent upward impulse from the resistance, denoted as the supply zone. Key price levels often prompt sideways movements. There's a possibility of a descent to retest the support level, as the price could develop a reversal pattern, possibly a formation like the head and shoulders. I anticipate a retracement to the resistance, followed by a phase of ranging. My target is the support level positioned at 2011.06.