: If price is rejected around 4,048–4,050

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XAUUSD 15M Chart — Technical
Current Price: 4,050.445
Key Resistance: 4,048.529–4,050 area
Price is testing the upper descending trendline, which is acting as resistance.
The chart shows a symmetrical triangle / compression structure.
Bearish scenario: If price is rejected around 4,048–4,050, downside could target 4,000, followed by the lower trendline around 3,950.
Bullish scenario: A strong 15M candle close above the descending trendline could invalidate the immediate bearish setup and open the way for further upside.

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