An additional signal in favor of falling XAUUSD quotes will be a test of the resistance line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the descending channel. Cancellation of the option of falling Gold prices on September 16th 2022 will be a strong growth and a breakdown of the level of 1745. This will indicate a breakdown of the resistance area and continued growth to the area above the level of 1785. Expect an acceleration in the fall of XAU/USD quotes with a breakdown of the support area and closing the price below the level of 1685, which will indicate a breakdown of the lower border of the bullish correction channel.
Suggests an attempt to test the resistance area near the level of 1725. Further, the quotes continue to fall with a target below the level of 1655. 1745. This will indicate a breakdown of the resistance area for Gold. In this case, we should expect a continuation of the rise in the price of Gold with a potential target above the level of 1785.