A potential decline in XAUUSD is signaled by a test of the support line on the RSI indicator, which serves as the first bearish confirmation. The second signal is a rebound from the lower boundary of the bullish channel. If the price breaks below the 3325 level, the growth scenario becomes invalid, indicating a likely continuation of the downtrend toward 3265 or lower.
💡 The current setup suggests a possible bearish correction with a test of the support zone around 3365. Should this level break, further decline in the price of the precious metal is expected. On the other hand, a breakout above the 3445 resistance level and a daily close above it would signal renewed bullish momentum, targeting levels above 3575.
❗ The bullish outlook will be fully negated if the price breaks below 3325, confirming a continued downward move and opening the way toward the 3265 area or lower.
📅 Analysis date: 17 June 2025
🕒 Timeframe: Daily (D1)