Gold in Descending channel and can break up and hit New ATHGOLD (US$/OZ)TVC:GOLDMMBTtraderGold Long‑Term Outlook: Bullish From a long‑term perspective, gold remains in a structural uptrend. The current price action is characterized by a corrective phase within a descending channel—a normal and healthy development within a broader bullish market. Technical Structure: Primary Trend: Bullish (long‑term) Current Phase: Corrective decline within a descending channel Expected Resolution: Breakout to the upside upon completion of the correction. Outlook: Once the descending channel is resolved to the upside, a resumption of the primary uptrend is anticipated. Based on measured move projections and the historical strength of gold’s bull market, the next significant technical target resides near the $6,000 level.