A possible indicator for an upward trend in #GOLD (#XAU/USD) could be a trial of the support line on the relative strength index (RSI), coupled with a rebound from the lower boundary of the bullish channel. Conversely, if prices fall below 2120, it suggests a breakdown in support, potentially leading to further declines below 2085. On the flip side, anticipate a surge in #GOLD quotes upon breaching the resistance zone, targeting levels above 2205.
Anticipate a corrective phase with a support test around 2155, followed by a potential upswing targeting levels above 2275. However, a drop below 2120 would invalidate the bullish scenario, signaling a possible decline towards 2085.