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Daily GOLD Forecast – 11.9.2024

An important signal for the rise of XAU/USD is expected with a test of the support line on the RSI. Another signal would be a bounce from the upper edge of the bearish channel. If the price breaks below the $2460 mark on September 11, 2024, it would invalidate the growth outlook, suggesting a deeper decline towards $2405, breaking the support zone.

However, if gold breaks the resistance area and closes above $2545, it signals a breakout of the "Triangle" pattern and a likely upward trend with a target around $2585.

In summary, the XAU/USD forecast for September 11, 2024 suggests a potential bearish correction towards $2485, followed by a bullish rebound, with a target above $2585. If gold breaks below $2460, it could lead to further declines, aiming for $2405.