The XAUUSD pair on M15 timeframe shows a bearish setup following a prolonged consolidation phase. Recent candles reveal a decline from the 4081.2 high to a low of 4064.13, with higher volume confirming the selling pressure. The close at 4071.96 suggests a failed attempt to retest the prior high, creating a bearish bias. The price has been trading within a narrowing range between 4060 and 4080, but the recent close below the key support level of 4064.13 indicates potential for a downward breakout. The consolidation pattern is now broken, with the close below the 4064.13 level signaling a shift in…

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