The market tested the boundary of the channel and subsequently retraced towards the support level. Gold is currently in a consolidation phase after reaching a new peak. There is a likelihood of continued consolidation due to a robust resistance at the 1980 - 1982 zone. The market established a double bottom and rebounded from both the support level and the downward trendline. I anticipate a reevaluation of the recent resistance zone, leading to a period of market choppiness. My target is set at the resistance zone, approximately around 1980.