XAUUSD is currently showing signs of a potential upward movement. One supporting signal is a test of the support line on the RSI, suggesting a possible bullish reversal. Additionally, a bounce from the lower boundary of the bullish channel reinforces the outlook.
The key resistance level to watch is at 3345. A breakout and sustained price above this level may trigger further upward momentum, with a potential target above 3405. However, if the price drops and breaks below 3235, the bullish scenario will be invalidated. This would point to continued downward movement toward the 3195 zone.