A key indicator for XAUUSD growth is the RSI trendline retest, confirming bullish momentum. Another bullish sign is a rebound from the lower boundary of the ascending channel.
If prices break below 2865, the bullish scenario is invalidated, signaling further decline toward 2835. Conversely, a breakout above 2935 would confirm upward momentum, potentially accelerating gains.
A short-term correction to 2890 is possible before resuming an uptrend targeting 3005. However, if XAUUSD breaches 2865, expect continued decline below 2835.
If prices break below 2865, the bullish scenario is invalidated, signaling further decline toward 2835. Conversely, a breakout above 2935 would confirm upward momentum, potentially accelerating gains.
A short-term correction to 2890 is possible before resuming an uptrend targeting 3005. However, if XAUUSD breaches 2865, expect continued decline below 2835.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.