On 16-07-2024, potential growth in #XAUUSD quotes may be signaled by testing the support line on the RSI and a breakout from the lower border of the bullish channel. If Gold prices fall and breach below 2365, it would signal a breakdown of the support area, likely leading to further declines below 2285.
Anticipate an acceleration in #XAUUSD quotes if there's a breakout above the resistance area, closing prices beyond 2445. This scenario suggests a possible price correction with a support test around 2395, followed by continued growth in non-ferrous metal quotes targeting above 2495. Conversely, a drop and breach below 2365 would confirm a sustained decline in Gold prices, potentially aiming for targets below 2285.