XAUUSD Breakdown from Rising Wedge - Watch Key Support at 3285

Gold (XAUUSD) on the 4-hour chart has completed a bearish breakout from a Rising Wedge pattern, a formation often associated with potential trend reversals or corrections. The price action had been moving steadily higher within the wedge, but momentum began to slow down near the upper boundary, eventually breaking downward through the support line.

This breakout is visually confirmed with a small consolidation box before the move lower, indicating sellers are gaining control. The breakdown aligns with weakening bullish momentum, and sellers may target key horizontal supports next.

Key Levels to Watch:
Resistance: 3360 - Recent minor swing high and the wedge top.
Immediate Support: 3285 - Horizontal level where price may stall or bounce.
Lower Support Zone: 3210 - Previous structure support and demand area.

Trade Setup (Short Bias):
Entry: After retest of the wedge bottom or minor consolidation below 3285
Target 1: 3285
Target 2: 3210
Stop Loss: Above 3360 or the upper limit of the wedge (tight SL option around 3340)

Bias: Bearish
As long as price remains below the wedge and fails to reclaim 3360, the bearish outlook remains intact. Watch for price reaction at 3285. a clean break of this level could accelerate downside momentum.