Potential rise in XAU/USD is supported by two key signals:
- RSI Support Test – The price is expected to rebound from the support level on the RSI indicator.
- Bullish Channel Bounce – A reaction from the lower boundary of the bullish trend channel reinforces the upward movement.
An upward breakout above 2945 would confirm further growth, with a possible target exceeding 3045. However, a price drop below 2825 would invalidate the bullish scenario, signaling further decline toward 2775.