An additional indicator supporting the upward movement in GOLD prices would involve testing the support line on the relative strength index (RSI). Another sign would be a rebound from the lower boundary of the bullish channel. Revoking the option to increase Gold prices on March 14, 2024, would result in a price decline and a breach of the 2105 level. This would signify a breakdown of the support zone, leading to a sustained decrease in asset prices towards the area below the 2065 level. Anticipate a surge in the growth of GOLD prices upon surpassing the resistance zone and achieving closing prices above the 2255 mark.
It anticipates an effort to initiate a price correction and examine the support area around the 2135 level. Furthermore, there would be continued growth in the quotes of the precious metal, targeting a level above 2245. The cancellation of the option to raise Gold prices would lead to a decline in the asset's value in the markets and a breach of the 2105 level. This would indicate a persistent decline in the price of Gold, potentially targeting below the 2065 level.