An additional signal supporting the rise of XAU/USD is a test of the support line on the RSI indicator. A second indicator of potential growth is a rebound from the lower edge of the bullish channel. If XAU/USD breaks below the $2575 mark on October 2, 2024, this would invalidate the growth scenario, suggesting a possible further decline, with prices potentially dropping below $2535.
However, a bullish trend may continue if the price breaks above the resistance area and closes above $2705. This would indicate a likely rise in XAU/USD, with a target around $2775.
In summary, a price correction may attempt to test the support zone around $2595. If support holds and prices bounce back, further growth toward $2775 is expected. A fall below $2575 would signal a more extended decline, with a target near $2535.