GOLD Consolidation after a false break above support

Gold stopped in the 1770-1765 zone after a technical pullback. The price is testing the channel resistance and is above the level of

1) Since the opening the price is not falling further, but it is already consolidating above the channel resistance
2) Gold is testing the maximum density in the 1784-1765 zone. This zone may push the price up
3) On the left side of the chart I indicated the formation of a buying set-up. After a false breakdown of support, the price consolidates above the level
4) There is a possible scenario that the price will break down the support and fall to 1762.

My priority is waiting for an upside move from the 1770 area to 1784 (the price shows bullish sentiment).
But if the price consolidates below 1770, we might see a pullback to 1762

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