An additional signal in favor of an increase in #XAUUSD quotes will be a test of the support line on the relative strength indicator. The second signal will be a breakout from the lower border of the bullish channel. If prices fall and break below 2445 on 20 August 2024, this will cancel the growth scenario for Gold, indicating a continuation of the decline to below 2395.
Expect accelerated growth in #XAUUSD if prices break through the resistance area and close above 2515.
This suggests a potential bearish correction and a test of support near 2490, followed by continued growth with a target above 2565. The growth scenario will be canceled if prices fall below 2445, signaling a further decline with a target below 2395.