A potential indicator for a decrease in #XAUUSD quotes is the test of the resistance line on the relative strength index (RSI). Additionally, a breakout from the upper border of the Triangle pattern could signal a further decline. If prices rise sharply and break above 2375 on 3rd July 2024, it would invalidate the downward trend, suggesting a breach of the resistance area and a subsequent increase in asset quotes above 2415.
On the other hand, anticipate an acceleration in the fall of #XAUUSD if the support area is broken and prices close below 2280. This would indicate a breakdown of the lower border of the Triangle pattern, initiating a downward trend.
The forecast for 3rd July 2024 suggests a possible price correction attempt and a test of the resistance around 2345, followed by a continued decline with a target below 2265. Conversely, if there is a significant rise in the asset value and a breach of the 2375 level, it will signal a persistent increase in the price of Gold, aiming for a potential target above 2415.