Another indicator suggesting a rise in XAU/USD quotes would be the examination of the support line on the relative strength index (RSI). Additionally, a breakout from the upper boundary of the "Wedge" reversal pattern would serve as the secondary signal. Should the option to increase Gold prices on May 8, 2024, be rescinded, we anticipate a decline in prices, marked by breaching the 2235 level. This occurrence would signify a breakdown of the support area, precipitating a sustained decline in asset quotes, potentially falling below the 2175 threshold. Brace for an uptick in the growth of XAU/USD quotes upon breaching the resistance area and achieving closing prices above the 2355 mark.