The 1940 area is a very important level in the gold chart structure
We have two possible scenarios for gold
The first scenario is the green scenario: which is more likely in the current situation: the price conflict with the 1940 level and its failure and the rise to 1980 and possibly to the red midline.
The second red scenario: the price will pull back to the ceiling of the upper channel and return to the bottom of the channel
We have two possible scenarios for gold
The first scenario is the green scenario: which is more likely in the current situation: the price conflict with the 1940 level and its failure and the rise to 1980 and possibly to the red midline.
The second red scenario: the price will pull back to the ceiling of the upper channel and return to the bottom of the channel