XAUUSD: Bearish Channel Still in Control – More Downside Ahead?GoldOANDA:XAUUSDLunadigitalGold (XAUUSD) continues to respect a well-defined descending channel on the 4H timeframe, indicating that sellers remain in control. Price is approaching the lower boundary of the channel, where a breakdown could trigger another wave of bearish momentum toward the highlighted strong support zone around 3600. As long as price remains below the channel resistance, every valid pullback may continue to present selling opportunities. A confirmed break below the channel could accelerate the bearish move, while a breakout above the channel would be the first signal that market sentiment may be shifting. Always wait for confirmation and manage your risk before entering any trade. Not Financial Advice.