The chart still shows a descending channel, with price trading bGoldOANDA:XAUUSDforex_gold_masterThe chart still shows a descending channel, with price trading below the marked 4,374–4,469 supply zone. The latest candles are testing the lower edge of that zone. 📉 Bearish scenario Sell/rejection zone: 4,374–4,469 Confirmation: 4H rejection and close below 4,350–4,360 TP1: 4,300 TP2: 4,200 TP3: 4,034 Major invalidation: 4H close above 4,469 A rejection from the purple zone would keep