XAUUSD shows bullish potential, supported by a recent test of the broken trend line on the RSI. Another key indicator is the bounce from the upper edge of the Triangle pattern, hinting at upward momentum.
If the price manages to break above the 3065 resistance and close above it, this would confirm a breakout from the descending channel and likely push the price toward 3145.
However, a drop below 2955 would invalidate this bullish scenario. In that case, we could see the price dip further, targeting levels below 2905, confirming a shift to a bearish trend.
In the short term, a minor pullback to the 3015 support area may occur before any strong upward continuation. If that level holds, it may act as a launchpad for the next bullish move.
Keep an eye on how the market reacts near the key levels of 2955, 3015, and 3065—they will determine the next major direction.