An additional signal in favor of the rise in quotes and prices for Gold in the current trading week June 19 — 23, 2023 will be a rebound from the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for XAU/USD quotes will be a fall in prices and a breakdown of the 1905 area. This will indicate a breakdown of the support level and a continued fall in Gold prices with a target below the level of 1865. A confirmation of the growth in the value of the asset will be a breakdown of the resistance area and closing of quotes above the level of 2015.
GOLD Weekly Forecast June 19 — 23, 2023 suggests an attempt to develop a decline and test the support level near the area of 1955. Then, the continued growth in Gold prices with a target above the level of 2165. A test of the trend line on the relative strength index (RSI) will come out in favor of the rise in quotes. Cancellation of the growth option for GOLD will be a fall and a breakdown of the level of 1905. This will indicate a continued decline in quotes to the area below the level of 1865.