My analysis

This chart presents a professional technical analysis of Gold CFDs (1-hour timeframe) with a potential bearish outlook:

1. Stop Loss: Positioned at 2,680.417, above the current price, to limit risk.


2. Target: A bearish target at 2,631.709, indicating potential downside if the price breaks below the channel.


3. Price Action: The price is within an ascending channel. A breakdown may lead to a bearish move toward the target.