A signal supporting an increase in #XAUUSD quotes on 27 August 2024 could be observed through a test of the support line on the relative strength indicator (RSI). Another indication would be a breakout from the lower boundary of the bullish channel. If prices drop and break below the 2480 level, it would invalidate the growth scenario for #XAUUSD, pointing to a continued decline toward the 2435 area. On the other hand, a breakout above the resistance area with a close above 2545 would suggest an acceleration in the upward movement.
There is also the potential for a bearish correction, testing support near 2485, before the continuation of upward momentum with a target above 2645. The growth scenario would be canceled if prices fall and break below 2480, signaling further decline with a target below 2435.