A key indicator supporting the rise of XAU/USD is a test of the support line on the RSI. Another confirmation comes from a rebound off the lower boundary of the "Triangle" pattern.
A price drop below 2905 would negate this scenario, signaling a further decline toward 2845. On the other hand, if XAU/USD breaks through resistance and closes above 2955, it would confirm an upward breakout of the pattern, potentially driving prices higher.
Near-term expectations suggest a decline toward 2915 before resuming an upward trend, targeting 3005. A breakout below 2905 would confirm extended losses, aiming below 2845.