An additional signal favoring the growth of #XAUUSD quotes will be a test of the support line on the relative strength index (RSI). Another signal will be a breakout from the lower border of the bullish channel. If Gold prices drop and break the level of 2335 on 25 July 2024, this would invalidate the growth scenario. Such a breakdown would suggest a continued fall in asset quotes to below 2285. Conversely, an acceleration in the growth of #XAUUSD quotes can be expected with a breakdown of the resistance area and closing prices above 2435.
The GOLD Forecast and Analysis for 25 July 2024 anticipates a potential price correction and a test of the support area near 2375. Following this, the continued growth of non-ferrous metal quotations with a target above 2540 is expected. However, if the asset's market value falls and breaks the level of 2335, this would indicate a continued decline in Gold prices, potentially targeting levels below 2285.