GOLD investors await breakout or breakdown for clearer direction

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The price of gold is currently encountering difficulties breaking through the psychological resistance level of 2,000.00 during the Asian session. The precious metal experienced a significant upsurge on Tuesday, as investors sought refuge in bullions amidst the resurgence of banking apprehensions. Currently, the price of gold is trading within a sideways range, and it is only a breakout or breakdown that will provide further insights into the potential direction of the value. As such, we recommend exercising patience until there is a break of either the support or resistance levels before considering any trading actions.