"Gold H4: Struggling Below ATH, Breakdown Towards 2864?"

In the previous analysis, we anticipated a bullish move from the identified zones, and the price surged approximately 300 pips, reaching near the ATH. However, the upward movement was slower than expected.
Although the possibility of a further rise toward the 3000 level and the upper boundary of the curved channel still exists, this scenario has significantly weakened.
Currently, a structure break in the 1-hour timeframe could trigger a sharp bearish move, potentially leading to the breakdown of the ascending channel in the 4-hour timeframe. In this case, the minimum correction target would be around 2864.