A favorable signal for XAUUSD growth includes a test of the support line on the RSI, alongside a rebound from the bullish channel's lower boundary. If prices drop below 2675 on 5 November 2024, it would signal a breakdown of support, pointing to a likely price fall toward 2615.
An upward breakout above the 2765 resistance area would reinforce bullish momentum, with targets potentially reaching above 2875.
However, any dip to break below 2675 would invalidate this growth scenario, suggesting a deeper bearish correction and further declines in XAUUSD values toward 2615.