Gold in sideways channel - will it go low or make new highs?

Hello my friends! Gold has been trending sideways in a channel for a few days now, currently I see key support at the 1537 level. It will need to break this level to go lower but has just bounced off it to create more support. The next key support level is around 1526, if it breaks this we go lower. Looking higher, if it breaks the resistance channel upwards of 1550 the next target is 1560.
Would love to hear any questions or comments! Cheers.