The potential for XAU/USD growth is indicated by a test of the support line on the RSI indicator and a rebound from the lower boundary of the bullish channel. On December 12, 2024, the bullish scenario will be invalidated if the price falls below 2665, signaling a breakout of the support area and a continuation of the decline toward levels below 2635.
The resistance zone at 2735 is a critical threshold for further growth; a breakout and close above this level could accelerate movement toward a target above 2785. Meanwhile, a test of the support area near 2695 may suggest a short-term bearish correction before the upward trend resumes.
The bullish outlook will be invalidated if the price breaches 2665, likely leading to a further decline toward 2635.