A bullish signal for XAU/USD is indicated by a test of the upward trendline on the RSI indicator. Additionally, a rebound from the lower boundary of the ascending channel reinforces potential growth.
A decline below $2885 on Feb 26, 2025, would invalidate this scenario, signaling a bearish breakout and further decline toward $2855. Conversely, a breakout above $2965 would confirm upward momentum.
The expected movement suggests an initial dip to $2905, followed by a rebound targeting $3065. If prices drop below $2885, further losses below $2855 could follow.