The price updates local peaks and breaks the downward formation, but still gold continues to trade in the range between the levels of 1950 and 1918.
Gold, after a strong growth, enters the critical zone, on a distant retest it approaches the level of 1950, I think that it will be quite difficult to break through the resistance the first time
I assume a false breakout of the resistance of 1950 and if the price returns back to the channel, it may correct to the support, we take the key point - the local support of 1927
Sincerely, R. Linda!