XAUUSD Bearish Pressure

Price is bouncing in the ascending parallel channel as a correction and retrace, and as you see in the 4H chart, it was rejected from the channel’s upper side.

Currently, we can see a strong bearish push on price. The main trend is bearish and price is in the correction phase.

There is a support level at 1940, and if price breaks this level, I expect a fall towards the channel’s lower band around 1925, and in the case of a downside breakout on the channel, the next target is around the next major low near 1900 and 1895