Another indicator supporting a rise in GOLD quotes would be testing the support line on the Relative Strength Index (RSI). Another sign would be rebounding from the upper boundary of the descending channel. If Gold prices fall on March 1, 2024, breaking below the 1990 level, it would indicate breaching the support area and continued decline to below 1945. Expect accelerated growth in GOLD quotes if resistance is breached, closing above 2045, signaling a break of the upper boundary of the descending channel.
Assuming an attempt to correct prices and test support around the 2010 level. Furthermore, expect continued growth in non-ferrous metal quotations targeting above 2065. A decline in Gold asset value in the markets, breaking below the 1990 level, would cancel the option for price increase, indicating ongoing price decrease with a potential target below 1945.