ChartSavant

Gold Analysis: Descending Channel Breakout Potential ๐Ÿ“‰๐Ÿ“ˆ

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is currently in a descending channel on the 1-day timeframe, having reached the ceiling of this channel! It previously had a broken uptrend that it collided with! It seems this range could serve as an energy point, initiating a downward movement with short-term targets of 2035 - 2028 and long-term targets of 2012 - 2000 - 1998!

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