Gold prices are expected to rise this week (November 18-22, 2024). A rebound from the RSI support line or the lower border of the bullish channel would strengthen this outlook.
A price drop below 2385 would invalidate the bullish scenario. This would signal a breakdown of support and a potential decline towards 2315.
Conversely, a breakout above 2625 would confirm a bullish trend. This would indicate a breach of the downward correction channel's upper border, potentially leading to a rally above 2675.
A test of the RSI trend line would support a price increase. However, a decline below 2385 would signal a continuation of the bearish trend towards 2315.