Gold Spot / U.S. Dollar
Short
Updated

XAUUSD Bearish Continuation from Descending Channel

2 126
The chart shows XAUUSD trending downward within a clear descending channel, confirming sustained bearish momentum. After multiple lower highs and lower lows, price continues to respect the channel structure. A recent pullback failed to break higher, indicating selling pressure remains dominant.

Price is approaching a key supply-to-demand transition area, but overall bias stays bearish while below the Ichimoku cloud. If momentum continues, the downside target is around **4420**, aligned with the marked demand zone.
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