A signal supporting the rise of XAU/USD quotes is expected with a test of the support line on the relative strength indicator. A secondary signal will be a bounce from the lower edge of the bullish channel. Should Gold prices fall below 2525 on 18/9/24, this would signal a breakdown of the support zone and further decline, potentially pushing prices below 2485. If prices manage to break through the resistance and close above 2605, we can expect a faster growth of XAU/USD.
The XAU/USD forecast suggests a possible bearish correction, testing the support zone around 2555. Following this, the metal's quotes may rise, targeting a level above 2675. A decline below 2525 would cancel the growth scenario and signal a deeper fall, with the next target being below 2485.