Gold – Long-Term Downside ChannelGOLD (US$/OZ)TVC:GOLDshiva560060Gold is trading within a well-defined long-term descending channel and is currently approaching the upper resistance boundary of the channel. From this resistance zone, a rejection could trigger another impulsive downside move, potentially following the existing lower-high/lower-low structure. The current setup remains bearish as long as price respects the channel resistance, with the projected move pointing toward the lower channel support. However, any sustained move above 4,375 would invalidate the current bearish pattern and require a fresh analysis. The key level to watch is therefore 4,375, while rejection from the current resistance would strengthen the downside setup. Idea Rating: 8.5/10 Disclaimer: This is a technical-analysis idea for educational purposes only and is not financial or investment advice. The projected direction and targets are possible scenarios, not guaranteed outcomes. Please do your own analysis and use appropriate risk management before making any trading decision.