GOLD is forming a descending channel pattern 📊 GOLD Update
GOLD is forming a descending channel pattern 🔻📉 —
a structure that often leads to a strong move once price breaks out.
Right now, price is still moving inside the channel,
but if GOLD breaks above the descending trendline,
we could see momentum shift and price push toward the first target at the green line level 🟩.
Here’s the key breakdown:
Pattern: Descending Channel
Bullish signal triggers ONLY if we break out upward
A clean breakout = momentum toward the green target zone
Until breakout, sellers remain in control inside the channel
Watch for:
✔️ Strong breakout candle
✔️ Volume confirmation
✔️ Retest holding as support (optional but bullish)
If breakout happens → first target = green line level 🟩
