In the domain of #GOLD, signs indicating a potential decline in quotes could stem from testing the resistance line on the relative strength index (RSI) and observing a breakout from the upper border of the bearish channel. However, if prices surge beyond 2385 by April 25, 2024, indicating a breakdown in resistance, anticipate further growth towards 2475. Conversely, expect an acceleration in the decline of XAU/USD quotes upon breaking through the support area and achieving closing prices below 2295.
Foresee an initial attempt at a price correction, testing the resistance area near 2335, followed by sustained declines in non-ferrous metal quotations targeting levels below 2235. However, if prices breach above 2385, it would nullify the bearish outlook, signaling a potential rise towards 2475.