XAUUSD Bearish Breakdown from Rising ChannelGoldOANDA:XAUUSDGold_Market_MindXAUUSD 15M Analysis Market Structure: Price was moving inside an ascending channel, showing bullish continuation, but faced a strong bearish rejection (BRE) near 4578–4580 resistance and broke down sharply from the upper trendline. Momentum Shift: The strong red candles confirm that buyers lost control, and momentum has shifted bearish in the short term. Key Resistance: 4562–4569 → Supertrend + MA resistance zone 4582 → Major upside target/resistance if reversal happens Key Support: 4541–4535 → Immediate support demand zone (price currently testing here) If this breaks, next downside can extend toward 4524 Trade Outlook ✅ Bullish Scenario: If price holds above 4541 support and forms reversal confirmation, a bounce toward 4562 → 4569 → 4582 is possible. ❌ Bearish Scenario: If price breaks below 4541, sellers may push toward 4530 / 4524. Bias Short-term: Bearish below 4562 Reversal only above 4569