XAUUSD – Gold at a Critical Decision ZoneGoldOANDA:XAUUSDTh3arock Gold is moving inside a well-defined descending channel on the 4H timeframe. Price has rebounded from the lower boundary and is now approaching the upper trendline, which could act as dynamic resistance. 🔎 Key levels to watch: - Resistance: The upper boundary of the descending channel. - Support: The recent lows around 4,100–4,120. - Bullish scenario: A confirmed breakout above the channel could signal a potential trend reversal or a stronger recovery. - Bearish scenario: Rejection at the upper boundary could lead to another move toward channel support. My focus: Price action and a confirmed 4H candle close. A breakout without confirmation could turn into a false move. What do you expect next for Gold — a breakout or another rejection? 👇 #XAUUSD #Gold #TechnicalAnalysis #TradingView #Forex