A potential upward movement for XAU/USD could be indicated by testing the support line on the Relative Strength Index (RSI). Another signal for growth is a rebound from the upper boundary of the "Triangle" pattern. However, if XAU/USD drops and breaks through the 2480 level, this would invalidate the bullish scenario, suggesting a further decline towards the 2425 level.
An upward breakout above the 2565 resistance level would reinforce the bullish trend, potentially pushing the price higher. The forecast anticipates a short-term bearish correction, with prices testing the 2520 support zone before resuming their upward momentum. The next target for growth is set above the 2610 mark.
If the price fails to hold and breaks below 2480, the bearish outlook becomes more likely, leading to a deeper decline towards the 2425 level.
In summary, while there's potential for a bullish rally above 2565, a break below 2480 would shift the market focus to a further decline.