To anticipate a potential decrease in XAU/USD quotes, monitor for a test of the resistance line on the relative strength index (RSI) and a breakout from the upper border of the bearish channel. However, if prices surge and break above 2395 on June 26, 2024, this would invalidate the bearish scenario, indicating a breakout of the resistance area and continued growth toward 2445.
An acceleration in the decline of XAU/USD quotes is expected if the support area is breached and prices close below 2295. The scenario assumes an initial price correction with a test of the resistance area around 2355, followed by a continued decline targeting below 2165. Conversely, if there is a strong rise in prices and a breakout above 2395, this would negate the bearish scenario, suggesting a continued rise in Gold prices with a potential target above 2445.