Another indicator favoring an upward movement in XAU/USD rates would manifest through examining the support line on the relative strength index (RSI). A subsequent sign would emerge from a bounce off the lower boundary of the "Wedge" formation. If the possibility of Gold price escalation on March 20, 2024, becomes void, it would precipitate a decline in prices and a breach of the 2105 level. Such an event would signify a rupture in the support zone, paving the way for a sustained downtrend in asset rates towards the region beneath the 2075 threshold. Anticipate an uptick in XAU/USD rates upon surpassing the resistance zone, with closing figures surpassing the 2175 mark. This breakthrough would mark a breach of the upper limit of the "Wedge" formation, initiating a new phase with projected targets toward the zenith.
Envisage a potential correction in prices, followed by a scrutiny of the support zone around the 2145 level. Subsequently, expect a continuous uptrend in non-ferrous metal quotes, aiming for levels above 2235. Should the prospect of a Gold price hike be annulled, it would trigger a decline in asset valuation across markets, alongside a violation of the 2105 level. Such circumstances would signify a sustained downturn in Gold prices, possibly targeting levels beneath 2075.