XAUUSD is expected to rise based on several technical indicators. A successful test of the support line on the relative strength indicator and a rebound from the lower border of the "Wedge" reversal pattern suggest a bullish trend. If XAUUSD breaks below the 2565 level on October 11, 2024, it could indicate a bearish reversal and a potential decline to below 2515. However, a breakout above the 2650 level would signal a bullish continuation, targeting higher levels.
A bearish correction is possible, with potential support near 2610. If XAUUSD continues its upward trajectory, a target above 2725 is feasible.