To indicate a potential decrease in #XAUUSD quotes, look for a test of the resistance line on the relative strength index (RSI) and a breakout from the upper boundary of the bearish channel. However, if prices rise sharply and break above 2365 on 28th June 2024, this would invalidate the bearish scenario, suggesting a breakout of the resistance area and continued growth toward levels above 2415.
An acceleration in the decline of #XAUUSD quotes is expected if the support area is breached and prices close below 2285. The forecast suggests an initial attempt at a price correction with a test of the resistance area around 2335, followed by a further decline targeting below 2255. Conversely, a strong increase in the asset's value and a breakout above 2365 would negate the bearish scenario, indicating a continued rise in Gold prices with a potential target above 2415.