Gold (XAUUSD) is showing bullish signals. A test of the trendline on the RSI and a rebound from the lower boundary of the ascending channel support further growth. If prices stay above $2,925, an upward move toward $3,010 is likely.
A breakout above $2,965 would confirm bullish momentum, accelerating gains. However, if Gold falls below $2,900, it could signal a deeper decline toward $2,855. A break below $2,925 would invalidate the bullish outlook, indicating continued downside pressure.