For the trading week of April 14–18, 2025, the outlook for XAUUSD remains bullish, supported by key technical indicators.
The first signal comes from a rebound off the trend line on the Relative Strength Index (RSI), suggesting continued buying momentum. The second confirmation is a bounce from the lower boundary of the ascending channel, reinforcing the potential for upward movement.
A drop below the 2925 level would invalidate this bullish scenario, signaling a breakdown of the current channel and opening the way for a decline toward the 2835 support area.
Currently, there is a chance of a brief correction toward 3035, which may act as support before the price resumes its climb. A breakout above the 3265 resistance level, especially on a daily close, would strongly confirm the bullish trend and set the stage for a potential move toward 3485.
As long as the price remains above 2925, the medium-term bias favors buyers. The RSI continues to support this view, indicating strength behind the upward trend and limited selling pressure.
However, if 2925 is breached, a deeper pullback could follow, with the next downside target seen below 2835.