XAUUSD 1H — Bearish continuation from channel resistance targetiGoldOANDA:XAUUSDAlphaSignalProLTDSetup: XAUUSD is trading within a well-defined descending parallel channel on the 1H timeframe following a pullback from local highs. Price is currently testing the upper trendline resistance of the channel, presenting a high-probability continuation short opportunity toward the primary demand zone below. Prices at time of research: 4,591.57. Why this setup: Descending Channel Adherence & Order Flow Bias: Price action is strictly respecting a 1H downward regression channel. The retest of the channel's upper resistance boundary near 4,661.80 highlights active supply defense, confirming that institutional order flow remains heavily skewed to the downside with a consistent sequence of lower highs. Confluent Downside Liquidity Draw: The structural profit objective is anchored by a major horizontal demand block (4,561.00 – 4,576.75). The confluence between this key support zone and the lower channel boundary creates a strong magnet for price, offering an optimized risk-to-reward ratio for short continuation. Strict Invalidation Parameters: The trade boundary is defined cleanly by market structure. A stop loss set at 4,698.57 sits safely above the primary resistance zone and the channel's upper variance band. A 1H candle close above this level statistically invalidates the bearish channel model, ensuring strict risk management. Trade plan: Bias: Short Entry: 4,661.80 (Limit entry at upper channel boundary retest) Stop loss: 4,698.57 — invalidation: A firm 1H candle close above the upper structural resistance box. Target(s): 4,620.00 / 4,576.75 (Major horizontal demand block & lower channel boundary) Timeframe: 1H