On the XAUUSD M15 chart, the market has been carving a clear downtrend since the mid‑session swing above 4060. Each successive 15‑minute bar has produced lower highs and lower lows, with the most recent candles closing beneath the 4035‑4040 zone, confirming bearish momentum. Volume has risen on the pull‑backs, especially during the 4050‑4055 range, indicating strong participation behind the sell‑off. Key resistance now sits around the 4055 level, which also acts as the stop‑loss buffer for short positions. Below 4030, a firm support cluster formed by the 4020‑4025 region offers a realistic target for the trade. The price action suggests…

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