The decline in XAU/USD is supported by a test of the resistance line on the RSI indicator and a rebound from the upper boundary of the "Head and Shoulders" reversal pattern.
A rise above 2,665 would invalidate the bearish scenario, signaling potential growth toward 2,695+. Conversely, a close below 2,605 would confirm a breakdown of the lower border of the reversal pattern, initiating a decline with targets below 2,585.
Currently, a temporary bullish correction might test resistance near 2,645, but further decline is expected unless market conditions change significantly. Pay close attention to price movements around these critical levels to guide trading decisions.