My previous idea was successful as the price hit the target zone after pulling back from the support level.

However, the gold market remains below the psychological resistance at 2000 and is currently ranging around this mark.

Despite this, the price has shown some bullish momentum as it reached the support level which has previously acted as a strong rejection point.

If the upcoming news doesn’t change the market trend, I believe the market may go up again from the support range of 1973-1976.

My target is at the resistance zone of around 1997-1998.

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