On April 17, 2025, technical analysis suggests a potential continuation of the upward trend in XAUUSD. One key indication is a rebound from the lower boundary of the ascending channel, supported by a test of the support line on the RSI, which often signals bullish momentum.
A short-term pullback toward the 3265 support zone may occur. If the price holds and bounces from this level, it could lead to a renewed upward move targeting the 3445 area.
A breakout above the resistance and a daily close above 3345 would further confirm bullish strength and support expectations for continued gains in the sessions ahead.
The bullish scenario would be invalidated if XAUUSD breaks below the 3205 level. Such a move would indicate a breach of the support area and could trigger a deeper decline toward 3085 or lower, shifting the trend to a bearish outlook.
In summary, while the current signals favor further growth in XAUUSD, maintaining support above 3205 is crucial. A drop below this level could mark a potential trend reversal.