Bearish Head & Shoulder Breakdown in Descending Channel - XAUUSD

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XAUUSD – 15 Minute Chart Analysis

Observed a Bearish Head & Shoulders pattern forming within a descending channel structure. Price is currently reacting near the upper boundary of the channel around the 3324 level. The neckline support is identified near 3285. A confirmed break below this level may open the way toward the 3225–3202 support zone.

Key Technical Levels:
- Channel Resistance: 3324
- Neckline Support: 3285
- Next Support Zone: 3225–3202

Bias remains bearish while price stays below the channel resistance. Watching for volume confirmation on any potential breakdown.

This chart is shared for educational and technical analysis purposes only.

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