XAUUSD: Rising Channel Breakdown Potential Bearish Scenario
Gold is currently moving inside an ascending channel after a strong bearish move. However, this structure may represent a corrective pullback rather than a full reversal. I'm watching for a breakdown below the channel support. A confirmed break and rejection on the retest could indicate bearish continuation toward previous support areas. Key levels:
🔻 Channel support: Bearish breakout area
🔹 Support zones: 4050 / 4020 Waiting for price action confirmation before considering the next move.
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