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Daily GOLD Forecast – 25.9.2024

A positive signal for a potential rise in XAUUSD is a test of the support line on the RSI (Relative Strength Index), coupled with a rebound from the lower boundary of the bullish channel. If the price breaks above the 2645 level, we can expect a further upward movement.

However, a downside scenario would be triggered if prices fall below the 2565 level, signaling a breakdown of support and the continuation of a decline toward the 2505 level or lower. In this case, the bullish outlook would be invalidated.

XAUUSD Forecast for 25/09/2024

The forecast suggests a possible bearish correction, with a test of support around the 2605 level. If the price holds and rebounds, the next target is likely around the 2715 level. On the contrary, a fall below 2565 would confirm a bearish breakout, indicating further decline with a potential target under 2505.