Gold Extends Decline to Ten-Week Low, Breaks Below Bear Channel Support
Gold prices fell to their lowest in ten weeks, accelerating after breaking below the lower boundary of a bear channel that had contained previous declines.
XAUUSD
Gold continues its downward trend, hitting a ten-week low on Wednesday. The decline accelerated after prices broke below the lower boundary of a bear channel, which had previously supported the metal and contained multiple attempts to rally. The current move is pressuring the 2026 low, suggesting further downside risk.
Source: FXStreet Forex News