A potential decline in XAUUSD is supported by the RSI trend line retest and a rebound from the upper boundary of the “Head and Shoulders” pattern. If the price breaks 3055, this could indicate further upward movement toward 3095, invalidating the bearish outlook.
A drop is expected if the price falls below 3010, signaling a breakdown of the lower border of the pattern and confirming a bearish trend. A short-term correction may lead to testing resistance at 3040, followed by a decline toward 2965.
The bearish scenario is canceled if the price surges past 3055, suggesting further growth beyond 3095.