🔻 SELL
XAUUSD is showing signs of a potential decline. One confirmation comes from the resistance test on the RSI indicator, which often signals a bearish reversal. Another signal is the rejection from the upper boundary of the descending channel, reinforcing the downward outlook.
A decisive break below the 3205 level, especially on a daily close, could accelerate the drop toward the 3115 target. Before that, a short-term bullish correction toward the 3265 resistance area remains possible, but likely temporary.
Should the price break above 3315, this bearish scenario would be invalidated. Such a move would indicate a breakout of resistance and a potential continuation of the uptrend toward the 3365 zone.
Summary (13 May 2025):
– Primary outlook: continued decline toward 3115
– Key support: 3205
– Possible short-term correction: up to 3265
– Bullish reversal confirmation: breakout above 3315 targeting 3365
Watch these critical levels closely, as price action around them will determine the next direction for XAUUSD.