XAUUSD Bearish Channel with Potential Reversal SetupGold vs US DollarPEPPERSTONE:XAUUSDAdrian_Trades_Gold is currently trading inside a well-defined descending channel on the 4H timeframe, showing clear bearish market structure with consistent lower highs and lower lows. Price recently rejected from the upper boundary of the channel and is now moving downward toward the lower trendline support. A short-term pullback is possible before continuation, but overall momentum remains bearish. 🔍 Key Observations: Strong rejection from resistance zone around 4650–4670 Price respecting descending channel structure Lower high formation confirms bearish continuation Potential liquidity grab before next move 📊 Outlook: If price breaks and holds below the channel support, further downside toward 4450–4400 levels can be expected. However, a bounce from the lower trendline could lead to a corrective move back toward mid-channel resistance.