GOLD BUY
A bearish signal for XAUUSD is confirmed by a test of the downward trendline on the RSI and a rebound from the lower boundary of the "Wedge" pattern. If XAUUSD fails to hold above 2965, a further decline is likely, targeting levels below 2825.
A temporary bullish correction may lead to a test of resistance near 2935, but the overall trend favors a decline. The bearish scenario will be invalidated if the price breaks 2995, signaling further growth toward 3045.
A temporary bullish correction may lead to a test of resistance near 2935, but the overall trend favors a decline. The bearish scenario will be invalidated if the price breaks 2995, signaling further growth toward 3045.
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