An additional signal for the growth of XAU/USD quotes is the test of the support line on the RSI indicator. A rebound from the lower boundary of the bullish channel further confirms the potential for an upward move.
A bearish correction may first test the support zone near 2,635. However, continued growth in XAU/USD is expected if the price breaks above the resistance area at 2,645 and closes above this level. This would signal a breakout of the upper boundary of the correction channel, with a potential target above 2,705.
The growth scenario will be invalidated if the price falls below 2,615, breaking through the support zone. In such a case, further declines could follow, with targets below 2,565.
Key levels to monitor are 2,645 for confirmation of growth and 2,615 for potential reversal into a bearish trend.