XAUUSD Analysis 📉
Price is testing the upper boundary of a descending channel after a strong rebound. As long as resistance around 4100–4115 holds, a rejection could trigger a move back toward the 4020 support zone. A confirmed breakout above the channel would invalidate the bearish outlook and open the door for further upside.
Bias: Bearish below 4115 | Target: 4020 | Invalidation: Strong close above the channel resistance.
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