A bearish outlook for XAU/USD is indicated by a potential test of the RSI resistance line and a rebound from the broken bullish channel's lower boundary. A decisive break below the 2575 support level could accelerate the downward trend, targeting 2545.
A bullish correction may occur, leading to a test of the 2630 resistance level. However, a strong price increase above 2665 would invalidate the bearish scenario, potentially driving XAU/USD above 2725.