An additional signal indicating potential growth in XAUUSD quotes comes from testing the support line on the relative strength index. Another confirmation is a rebound from the top of the bearish channel. The bullish scenario could be invalidated if prices drop and break below 2445, which would signal a deeper decline, potentially targeting the 2385 level.
To expect further acceleration in XAUUSD, watch for a breakout above 2535, indicating a breach of the "Triangle" pattern’s upper boundary and signaling a potential move toward higher targets.
XAUUSD Price Outlook for September 10, 2024
The forecast for XAUUSD on September 10 suggests a possible short-term bearish correction to test the 2475 support zone. Following this, prices may resume upward, with a target around 2625. A bearish breakdown below 2445 would negate the bullish outlook and could signal a continuation of the downtrend, potentially driving the price toward 2385.
In summary, while a bearish correction is expected, breaking above 2535 could signal further bullish momentum for XAUUSD.