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GOLD Forecast – 28.2.2025

A potential decline in XAUUSD is signaled by a test of the bearish trendline on the RSI and a rejection from the upper boundary of the descending channel.

If prices surge past 2915 on Feb 28, 2025, it would invalidate the bearish outlook, signaling a breakout and potential rise above 2955.

However, a confirmed break below 2865 would reinforce selling pressure, suggesting further downside momentum.