XAUUSD Bearish Continuation from Descending ChannelGoldOANDA:XAUUSDAlpha_Trade_ScopeThe 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.