Which side of the parallel channel will gold breakout from?

For now, gold is resisting this upper channel resistance, a strong bullish movement to 2040 just occurred and if the bulls can keep up this movement, then we will breakout from the upper channel.

For me personally, I think the lower channel will be broken and price will do a downtrend to my long term target: 1910, where we see a daily fair value gap and liquidity.