Gold - Downtrend continuing GOLD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) COMEX:GC1! KoosKanmar Gold has been in a downtrend since August 2020. A down channel breakout attempt at 1900 lost momentum pretty quickly resulting in us trading back into the down channel . The expectation is that we will continue to trade within this channel and a test of the previous low at 1768 is possible.