The current trading week of October 7-11, 2024, shows positive signs for gold prices. A rebound from the RSI support line and the lower border of the bullish channel indicate potential growth. However, a price drop below 2505 would signal a bearish trend, targeting 2435.
Conversely, a breakout above 2715 would confirm a bullish trend, leading to a target of 2875. A test of the RSI trend line supports this upward movement. A fall below 2505 would reverse this trend, potentially reaching 2435.