The gold market is nearing the prior daily peaks. Following a false breakout, it established a range zone. The price executed an impulse move originating from the resistance zone. In the event of a breakthrough and consolidation below the daily low, a continued downward movement in the market may unfold. My projection is that gold could revisit the boundary of the established range and the upward trendline before embarking on a downward trajectory. I anticipate a market characterized by ranging behavior. My target is the border of the range, approximately at 2009.80.