#Earncommissions $XAU
Market structure

Major trend: Bearish. Price has been respecting a descending channel.
Previous consolidation: Price traded inside the purple range around 4,050–4,220.
Range breakdown: Sellers pushed price below the range support.
Resistance breakdown: The 3,990 level, previously support, is now potential resistance.
Current price: Approximately 3,905–3,910
Important price levels
Level
Significance
4,210–4,220
Major range resistance
4,050–4,090
Previous support / resistance
3,990–4,000
Key resistance zone
3,905–3,910
Current price area
3,870–3,890
Immediate support zone
3,850
Potential lower support
Bullish scenario – your projected setup
This is possible, but I would look for confirmation first.
Conditions for a bullish setup:
Price holds above 3,870–3,890.
A bullish 3H candle forms.
Price breaks above 3,930–3,950.
A retest holds that breakout area.
Potential upside targets:
TP1: 3,950
TP2: 3,990
TP3: 4,050
4. Bearish scenario$XAU
Price breaks below 3,870.
A 3H candle closes below support.
Retest of 3,870–3,890 fails.