To anticipate a decrease in #XAUUSD quotes, watch for a test of the resistance line on the relative strength index (RSI) and a breakout from the upper border of the Triangle pattern. On 2 July 2024, a strong rise in prices and a breakdown above 2375 would invalidate the falling price scenario, indicating a breakdown of the resistance area and continued growth in asset quotes to levels above 2405.
Expect an acceleration in the fall of #XAUUSD quotes if there is a breakdown of the support area and closing prices below 2280, signaling a breakdown of the lower border of the Triangle pattern and the start of a downward trend. A price correction attempt might test the resistance area near 2345, followed by a continued decline in quotes targeting below 2245. If there is a strong increase in the asset's value and a breakdown above 2375, this will indicate a continued rise in Gold prices with a potential target above 2405.