XAUUSD: Triangle Compression Points to Possible BreakdownGold / U.S. DollarFOREXCOM:XAUUSDRatnerHello everyone, here is my breakdown of the current XAUUSD setup. Market Analysis Gold previously traded within a range, showing consolidation before breaking down and confirming bearish momentum. After the breakdown, price attempted to recover but faced strong rejection near the 4,650 resistance zone, forming a fake breakout and signaling continued selling pressure. Currently, XAUUSD is trading below the 4,650 resistance while holding above the 4,480 support zone. At the same time, price is compressing within a triangle structure, where descending resistance and ascending support are converging, indicating a potential breakdown. My Scenario & Strategy As long as XAUUSD remains below the 4,650 resistance level and respects the descending trendline, the bearish scenario remains valid. A rejection from this area could push price toward the 4,480 support (TP1), aligning with the lower boundary of the triangle. However, if price breaks above 4,650 and holds above the triangle resistance, the bearish scenario would be invalidated, opening the path for further upside. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.