GOLD(XAUUSD): BEARISH TREND CONTINUES ✨✨
📉Gold is experiencing a downward trend on a 4-hour chart and is consistently declining within a descending parallel channel.
At present, the pair is nearing a cluster of resistance, including a horizontal resistance and the resistance line of the descending channel.
I anticipate that the decline will continue once it undergoes a retest, and we can expect a bearish continuation towards the support level at 1980.
At present, the pair is nearing a cluster of resistance, including a horizontal resistance and the resistance line of the descending channel.
I anticipate that the decline will continue once it undergoes a retest, and we can expect a bearish continuation towards the support level at 1980.
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