On the XAUUSD M15 chart, the market has been carving lower lows since the 4110‑4100 region, with the most recent swing bringing price into the 4030‑4035 band before a decisive pull‑back to the 4050‑4038 zone. The down‑trend is confirmed by shrinking bullish candles and diminishing volume on each short‑term rally, while the bearish legs retain strong participation (e.g., 4058.96 → 4055.76 on solid 4,200 vol). A clear resistance sits near 4035, and the price’s failure to sustain above this level signals weakening momentum. The current price action suggests a continuation of the bearish bias, making a sell entry around 4026…

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