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smithTS

scenario 1 as more likely due to the downtrend

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
smithTS  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Supply and Demand Support and Resistance Gold goldtrading goldidea trend Supply Zone
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trendanalysis supplyanddemand supportandresistance gold goldtrading goldidea trend supplyzone
Personally, I see scenario 1 as more likely due to the downtrend
With the decrease of the price slope and the decrease in the speed of the fall, we can imagine the horizontal movement of the price in these areas.
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