GOLD BREAKDOWN LONGTERM ADVANCED PRICE ACTIONGold / U.S. DollarFOREXCOM:XAUUSDAzdrenDeliuAs we can see Gold is following a descending channel, a channel being respected by the higher timeframes, means the validation is a must. Price Action is showing us clear rally to the down side, as price respected the initial 78.60% fibbo retracement level. The leg causing the breakout from the channel could start at any moment, our job is to follow the trend by keeping an eye on the price and look if key zones are holding, or they're breaking. We're anticipating the price to break out of the channel and trade bullish set ups because in overall, the Gold itself is on a bullish trending scenario. As we can see the last level failing to hold is 4025, it is probably going for a short term bullish momentum up to 4350-60, see if it holds and get back down to the previous zone it reacted from, or managing to break and follow the next 4860 key zone. Again, our job is to follow the price when it comes near key zones and with comfirmations like 25% pinbar rule, inside bars, rejection candles etc, so on we can catch the medium to long term leg.