An additional indicator supporting the potential rise of XAU/USD is a test of the support line on the RSI. Another confirmation comes from a rebound off the lower boundary of the bullish channel.
If XAU/USD fails to hold and drops below 2670, it could signify a breakdown of the support zone and a continuation of the downtrend toward levels below 2625. Conversely, a breakout above 2730 and a close above this level would likely accelerate the upward momentum of XAU/USD.
The forecast also points to a potential short-term bearish correction, testing support around 2695. Afterward, a continuation of the uptrend is expected, targeting prices above 2765.
In summary, maintaining above 2670 keeps the bullish scenario intact, while a fall below this level confirms a broader decline toward the 2625 zone. On the other hand, breaking and closing above 2730 strengthens the case for further gains in XAU/USD.