Conversely, a fall in prices and a breakout of the 3055 level would invalidate this growth scenario. This would indicate a breakout of the support area and a continuation of the decline in value towards the level below 2975.
Acceleration of XAUUSD growth is expected upon a breakout of the resistance area and a price close above the 3155 level.
A possibility of a short-term downward price correction and a test of the support area around 3080 is also foreseen. Subsequently, the growth of the precious metal is expected to continue with a target above the 3245 level.
Invalidation of the gold price growth scenario would occur upon a fall in value on the markets and a breakout of the 3055 level. This would indicate a continuation of the decline in the price of gold with a potential target below the 2975 mark.