A possible decline in XAU/USD is supported by a test of the descending trendline on the RSI indicator. Another signal confirming the downward movement is a rebound from the upper boundary of the descending channel.
Key Levels:
-
Resistance: 3025
-
Support: 3015 → 2990
-
Breakout Level: 3045 → 3095
On March 25, 2025, if the price rises sharply and breaks above 3045, this will signal continued bullish momentum toward 3095. However, a confirmed close below 3015 may accelerate the decline, with a target below 2990.
For now, expect a short-term bullish correction toward 3025, followed by a continued price drop. A strong breakout above 3045 would invalidate the bearish scenario and indicate further growth.