XAUUSD Bearish Breakdown After CHoCH – Strong Downtrend...

Mar 19

The chart shows **Gold (XAUUSD)** on the 1H timeframe forming a clear bearish structure after a **Change of Character (CHoCH)**, signaling a shift from bullish to bearish momentum.

Price initially moved in an ascending channel but failed to sustain higher highs, leading to a breakdown below structure. After the CHoCH, price respected a **descending trendline**, confirming strong bearish control.

A **supply zone (grey area)** acted as resistance, where price consolidated briefly before continuing its sharp sell-off. The Ichimoku cloud also supports bearish bias, with price trading below the cloud and resistance holding above.

The recent move shows **strong impulsive selling**, indicating continuation rather than reversal.

**🎯 Target:**
Next key downside target lies around **4,480 – 4,500**, marked as the target zone, where price may seek liquidity or temporary support.

**🧠 Insight:**
Bearish momentum remains dominant unless price reclaims the supply zone and breaks above the trendline.

Mar 19

Trade active

active active

Mar 22

Trade closed: target reached

my given target has been successfully achieved