A decline is indicated for XAUUSD, supported by a test of the descending trend line on the RSI. A further signal is a rebound from the resistance level on the price chart. An initial bullish correction towards the 3055 area is anticipated, followed by a continuation of the downward trend targeting 2915.
The bearish scenario will be invalidated by a strong breakout above the 3075 level, potentially leading to an upward movement towards 3135. An acceleration of the fall is expected if the support area is breached and the price closes below 2985.
April 9th, 2025, at 00:00 is a crucial time to monitor price action. A break below 2985 at this time would signal further decline, while a break above 3075 would suggest upward momentum.