XAUUSDGOLD (US$/OZ)TVC:GOLDHAMED_AZHello Traders! 👋 What are your thoughts on Gold? Gold has established a clear descending channel after consistently forming lower highs. Recently, we observed the price breaking through a key support zone with significant momentum, leading to a sharp drop toward the channel's lower boundary. Currently, the price is consolidating after this aggressive move. We expect a temporary bullish correction (pullback) in the short term. Upon a successful retest of this resistance, we anticipate a price rejection. If our bearish thesis holds, the next leg down should target the lower boundary of the descending channel (the recent swing low or lower). Please don’t forget to like and share your thoughts in the comments! ❤️