XAUUSD: in Descending Channel - Downside Toward 4,600 Likely for FOREXCOM:XAUUSD by Ratner

TradingView idea: XAUUSD: in Descending Channel - Downside Toward 4,600 Likely for FOREXCOM:XAUUSD by Ratner TradingView symbol: XAUUSD Hello everyone, here is my breakdown of the current XAUUSD setup. Market Analysis Gold previously moved inside an upward channel. After reaching the upper boundary, price faced resistance and started to lose strength. Following this, XAUUSD broke below the channel and shifted into a downward structure, forming lower highs. Currently, price is trading inside a descending channel and approaching the 4,770 resistance zone, where a rejection is visible. At the same time, gold already broke …