Gold Prices Set to Rise as Buyers Remain Bullish

Despite a slight pullback, the gold market remains resilient as buyers continue to see opportunities in "cheap gold." The $2000 level offers support, but a break below could lead to a move down to the 50-Day EMA. Traders are expected to square up positions for the new year, causing noisy behavior. The market is likely to aim for the $2050 and $2075 levels, with interest rates dropping in the US and geopolitical tensions escalating. Central banks adjusting their monetary policy also contribute to the market's bullish outlook. However, increased volatility is expected in the coming weeks.