My previous idea has been successfully achieved as the market hit my target.

Currently, the market is in a range-bound state, waiting for the release of economic news.

The price has been consistently bouncing off the support level.

However, it managed to break through the descending channel, which indicates the possibility of a bullish move.

At this point, I believe that gold could continue to range for some time before making a significant move.

My next target is around the resistance level at 1996.

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