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.