📈 BUY Forecast:
A potential rise in XAUUSD is supported by a test of the RSI support line and a rebound from the lower boundary of the bullish channel. Growth momentum could increase if resistance at 2785 is broken, signaling a move towards 2825.
Key levels to watch:
Resistance: Above 2785 indicates further growth.
Support: Testing 2725 may lead to short-term corrections.
However, a break below 2705 would invalidate the growth scenario, suggesting a continued decline. If this happens, XAUUSD may drop further, with a target below 2655.
Outlook for 24 Jan 2025 suggests initial corrections before resuming upward momentum. Keep an eye on price movements near critical support and resistance areas.