An additional indicator supporting a rise in GOLD prices would be testing the support line on the Relative Strength Index (RSI). Another signal would be bouncing back from the lower boundary of the bullish channel. If Gold prices fall on March 7, 2024, breaking below the 2055 level, it would signify breaching the support area and continued decline to below 1985. Anticipate an accelerated growth in GOLD quotes if resistance is breached, closing above 2120.
Assuming an attempt to correct prices and test support around the 2085 level. Furthermore, expect continued growth in non-ferrous metal quotations aiming above 2205. A decline in Gold asset value in the markets, breaking below the 2055 level, would cancel the option for price increase, indicating ongoing price decrease with a potential target below 1985.