XAU/USD shows potential for growth. The first signal for an upward move is a test of the RSI support line, while the second is a rebound from the lower boundary of the bullish channel. If the price drops below 2835, it would indicate a support breakout and further decline toward 2775.
A breakout above 2935 and price closing above this level would confirm an uptrend, signaling the start of the "Triangle" pattern with higher targets. In the short term, a decline to 2875 is possible, followed by growth toward 3065. The bullish scenario would be invalidated if the price falls below 2835, leading to a potential drop toward 2775.