To anticipate an increase in XAU/USD quotes, watch for a test of the support line on the relative strength index (RSI). Additionally, a breakout from the lower boundary of the bullish channel would further confirm the uptrend. If Gold prices fall and break below the 2305 level on May 24, 2024, this would invalidate the growth scenario, indicating a breakdown of the support area and a continued decline in asset quotes to below 2265. Conversely, expect an acceleration in the growth of XAU/USD quotes if the resistance area is breached and closing prices rise above 2465.
It's likely there will be an attempt to correct prices, testing the support area near 2335. Following this, we can anticipate continued growth in non-ferrous metal quotations, targeting levels above 2545. However, if the plan to raise Gold prices is canceled, a drop below 2305 would signal a continued decline in Gold prices, potentially targeting below 2265.