A potential rise in XAU/USD is supported by a bullish trend line test on the RSI indicator. Additionally, a rebound from the lower boundary of the bullish channel strengthens this outlook.
A breakout below 2975 would invalidate the growth scenario, signaling further decline toward 2945. Conversely, if the price surpasses 3045, we could see an acceleration toward 3155.
In the short term, a pullback toward 3005 may occur before an upward continuation. However, a confirmed breakdown of 2975 would indicate extended losses, with prices potentially dropping below 2945.