GOLD XAUUSDGold vs US-DollarBLACKBULL:XAUUSDShavyfxhubMarket Structure Analysis Overall Structure: Gold has been in a major long-term descending channel since the all-time high in late 2025 (black trendlines). The market is clearly in a bearish trend on the higher timeframe, making lower highs and lower lows. Key Observations: Price has broken below several key trendlines and is currently trading in the lower part of the channel. Major Support Zone: Around 3,897 – 3,976 (green horizontal line + recent lows). Resistance: The descending trendline (currently around 4,100–4,200 area). Gold has been in a strong downtrend since February–March 2026. The structure remains bearish unless price breaks and closes above the descending trendline with strong momentum. Technical Outlook: Bearish Scenario (more likely): Breakdown below 3,897 → next targets 3,720 – 3,500. Bullish Scenario: Strong reclaim of 4,059+ and break of descending trendline → potential reversal. Verdict: Bearish Market Structure with price testing important support. High caution needed. #GOLD