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Gold Analysis: Descending Channel Breakout Potential 📉📈

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
ChartSavant  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Gold XAUUSD DXY short
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trendanalysis chartpattern indicator gold xauusd dxy short
Gold is currently in a descending channel on the 1-day timeframe, having reached the ceiling of this channel! It previously had a broken uptrend that it collided with! It seems this range could serve as an energy point, initiating a downward movement with short-term targets of 2035 - 2028 and long-term targets of 2012 - 2000 - 1998!

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