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Weekly GOLD Forecast (6.11. – 10.11.2023)

The market rejected the resistance then made a pullback. The price broke and fixed below the support level 1997 that was pushed price lower. I think the market might form head and shoulder pattern. The resistance zone at 1995-1997 is area where price fell before multiple times, there's a good chance that the price will go down again if price make upward move toward this resistance zone. I expect the market to continue ranging. My goal is the previous support level at 1975.750