On XAUUSD (spot gold) M15 timeframe, the recent price action reveals a consolidation phase following a prolonged downtrend. The last three candles show a low of 4077.95, which coincides with a key support level, and a subsequent bullish rebound toward 4116.02. The consolidation range between 4105.27 and 4116.24 suggests accumulation activity, confirmed by moderate volume spikes near the low and high. The prior high at 4185.34 acts as a critical resistance, and the current setup indicates a potential breakout. The price has tested support multiple times, with the latest close at 4111.05 showing strength. A break above 4185.34 could trigger…

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