XAUUSD 1H – Bearish Channel & Support Zone TargetGold vs US DollarPEPPERSTONE:XAUUSDAlpha_Trade_Scope The chart shows Gold (XAUUSD) on the 1-hour timeframe moving inside a descending channel. Price has recently rejected the upper part of the channel and is moving lower. Target: 🎯 4,297.52 Target area: Support Zone around 4,297–4,300.