An additional indication supporting the potential uptrend in Gold prices during the trading week of December 25 — 29, 2023, would be a rebound from the support line on the relative strength indicator (RSI). The second signal could be a rebound from the upper boundary of the descending channel. The negation of the bullish scenario for XAU/USD quotes would involve a price decrease and a breach of the 1925 level. Such a development would signal a breakdown of the support level, indicating a sustained decline in Gold prices with a target below the 1865 level. Confirmation of an uptick in asset value would entail a breakout above the resistance area and the closing of quotes beyond the 2095 level.
The forecast for Gold during December 25 — 29, 2023, envisions a potential downtrend and a test of the support level around the 1975 area. Subsequently, there could be a continuation of the upward movement in Gold prices, aiming for a target beyond the 2265 level. A positive trend on the relative strength index (RSI) would support the forecast of rising quotes. Conversely, a decline and breach of the 1925 level would nullify the possibility of growth, indicating a sustained drop in quotes toward the area below the 1865 level.