To anticipate a potential decrease in XAU/USD quotes, look for a test of the resistance line on the relative strength index (RSI) and a breakout from the upper border of the downward channel. However, if prices rise sharply and break above 2385 on June 21, 2024, this would invalidate the bearish scenario, signaling a breakout of the resistance area and continued growth toward 2425.
An acceleration in the decline of XAU/USD quotes is expected if the support area is breached and prices close below 2290, indicating a breakdown of the lower boundary of the bullish correction channel. The forecast assumes an initial price correction with a test of the resistance area around 2350, followed by a continued decline targeting below 2165. Conversely, if there is a strong rise in prices and a breakout above 2385, this would negate the bearish scenario, suggesting a continued rise in Gold prices with a potential target above 2425.