The recent price movement aligns seamlessly with my prior analysis. The gold market is currently heading towards a support level. It successfully breached the preceding weekly low. Additionally, the price experienced a breakdown and subsequent consolidation below the range zone after a strong upward movement. I believe there's a likelihood that the market could initiate an upward move for a retracement. The resistance zone spanning from 1978 to 1980 has historically acted as a pivotal level, influencing both upward and downward price movements. It's probable that it will once again impact the price trajectory if the market exhibits signs of waning momentum or rejection. My target is situated around the support level at approximately 1960.