To suggest a potential decrease in XAU/USD quotes, watch for a test of the resistance line on the relative strength index (RSI) and a breakout from the lower border of the reversal pattern. However, if prices rise sharply and break above 2365 on June 11, 2024, this would invalidate the bearish scenario, indicating a breakout of the resistance area and continued growth toward 2425.
Anticipate a potential acceleration in the decline of XAU/USD quotes if the support area is breached and prices close below 2285. The scenario also includes a potential price correction with a test of the resistance area around 2315, followed by continued downward movement targeting below 2145. Conversely, a strong increase in the value of the asset and a breakout above 2365 would cancel the bearish option, suggesting a continued rise in Gold prices with a potential target above 2425.