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1. Trendlines and Market Structure The chart shows a descending trendline acting as resistance, which suggests a broader bearish trend. There is also an ascending trendline acting as support, forming a potential wedge pattern. The market structure appears to be forming lower highs and higher lows, indicating a possible breakout scenario.2. Order Blocks (OB) & Fair Value Gap (FVG) There is a marked order block (OB) around the 3,025 - 3,027 price zone, indicating a potential supply area where sellers may enter the market. A bearish fair value gap (B FVG) is identified below the recent price action, indicating inefficiency that may get filled before a further move.3. Change of Character (ChoCh) & Liquidity Levels A Change of Character (ChoCh) is noted, signaling a shift in momentum. The price is reacting around a key liquidity zone. Marked levels like London Low and Asian Low highlight areas where liquidity may be taken before a reversal.4. Key Price Levels & Zones Major resistance at 3,033.258: If price breaks above this, it may continue toward 3,047.569. Support at 2,999.499: A potential bearish target if the price breaks below recent structure. Post NY Low: Marked as a liquidity target, possibly leading to a downside move.5. Potential Trade ScenariosBullish Scenario If price breaks above the OB and trendline resistance, we could see a continuation toward 3,033 - 3,047. Retesting the B FVG as support could confirm a bullish push.Bearish Scenario If price fails to hold support and breaks below the ascending trendline, it may target the London Low (around 3,010) and further drop to 2,999. A liquidity grab above the OB followed by rejection would confirm a short opportunity.6. ConclusionYour analysis suggests a crucial decision point for XAU/USD. Traders should watch for price reactions at the OB and trendline levels to confirm direction. A breakout above 3,033 may lead to further upside, while a failure could trigger a move below 3,010.