XAU/USD — Falling Wedge Breakout Setup | Bullish Continuation |

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XAU/USD — Falling Wedge Breakout Setup | Bullish Continuation | GoldOANDA:XAUUSDHussainbhamaniGold has been forming a Falling Wedge / Descending Channel on the 1H chart following a sharp bullish impulse from the August lows. Price printed Higher Highs and Higher Lows during the initial rally, confirming a structural shift to the upside on the higher timeframe (4H). The subsequent pullback has been contained within a descending wedge structure — a classically bullish continuation pattern. Price is currently compressing near the apex, with the Williams Alligator lines converging, signaling a significant move is approaching. A Buy Stop is placed at 4,406.191 to capture the breakout confirmation. Stop Loss is set at 4,205.541, safely below the recent swing low. Target projects toward 5,008, based on the measured move from the wedge breakout. RSI is near oversold on the fast line, supporting the case for a bullish reversal from current levels. Bias: Bullish | Pattern: Falling Wedge Breakout | Indicator: Williams Alligator + RSI | Entry TF: 1H | Analysis TF: 4H