#XAUUSD
Gold is currently trading within a descending channel, keeping the overall structure bearish.
Price is approaching the first selling zone around 4,315–4,325.
A rejection from this area could open the way toward 4,280 and 4,240.
The higher selling zone near 4,350–4,360 is the next key area to watch.
A strong breakout above the channel could invalidate the bearish setup.
For now, the focus remains on price reaction at the marked zones.
Gold is currently trading within a descending channel, keeping the overall structure bearish.
Price is approaching the first selling zone around 4,315–4,325.
A rejection from this area could open the way toward 4,280 and 4,240.
The higher selling zone near 4,350–4,360 is the next key area to watch.
A strong breakout above the channel could invalidate the bearish setup.
For now, the focus remains on price reaction at the marked zones.
