XAUUSD 1H Channel Down rejected. $3950 next?Spot GoldTRADENATION:XAUUSDTradingShotGold (XAUUSD) has been trading within a short-term Channel Down that got rejected today on its Top (Lower Highs trend-line) just below the 1H MA200 (orange trend-line). If the price breaks below the 1H MA50 (blue trend-line), which is currently supporting, expect Gold to target the Diverging Lower Lows trend-line next. Our Target is at $3950, which will aim for Support 2, since Support 1 has already been filled by the previous Lower Low. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇