On 10-07-2024, signs favoring a rise in #XAUUSD quotes include a test of the support line on the relative strength index (RSI) and a breakout from the upper border of the Triangle pattern. If prices fall and break below 2285, it will invalidate the bullish scenario, indicating a breakdown of the support area and a further decline in asset quotes to below 2245.
Anticipate accelerated growth in #XAUUSD quotes if the resistance area is broken and prices close above 2385. This scenario assumes a possible price correction and a test of the support area near 2335, followed by continued growth in quotes of the non-ferrous metal targeting above 2485. However, if the asset's value falls and breaks below 2285, it would signal a continued decline in Gold prices with a potential target below 2245.