Gold is breaking through global channel resistance, but is also bumping into a strong horizontal level.
TA on the high timeframe: 1) The trend is still bearish, price is under strong resistance 2) Price is discovering a new range. But if price consolidates below 1930, a bearish potential will form
TA on the low timeframe: 1) A bullish wedge is forming. A breakout of the figure's boundaries will form a strong impulse 2) The price inside the ascending price channel makes a false breakdown of resistance 3) The price after the false breakdown may form a correction to the support. 4) Breakout of 1938.915 will give a buy entry point Breakout of 1930 will give a sell entry point