XAUUSD | Compression Near Key ResistanceGold / U.S. DollarFOREXCOM:XAUUSDIllesPatrik Gold continues to trade within the broader descending channel, keeping the higher timeframe structure unchanged. After the recent selloff, price has started to stabilize and is now compressing beneath a confluence of resistance. The descending trendline, previous structure, and the upper boundary of the current range are all beginning to overlap, creating an area worth watching. The recent recovery has been steady rather than impulsive, suggesting that the market is still searching for direction. At the same time, sellers have yet to produce a decisive continuation, leaving both sides with something to prove. As long as price remains below the descending structure, the broader technical picture favors caution around resistance. A move beyond it, however, would shift the short-term market structure and likely change the current narrative. Markets rarely move in straight lines. Sometimes the most valuable information comes from how price behaves at important locations rather than from the move itself. Consistency is the key. Trade the plan, not the prediction.