The gold market is currently testing the 2000 level and appears to be ranging around that mark.
It is noteworthy that the market has been making higher lows, indicating bullish pressure on the price.
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The fact that the price action is being driven more by bulls and less by bears also supports the possibility of an upward movement.
Additionally, the presence of a long-tailed bar suggests that sell orders dominate, paving the way for a potential increase.
The market might manage to break and sustain above the recent resistance level.
My target would be the resistance zone at 2015.
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