A bullish signal for XAUUSD in the trading week from 21 to 25 October 2024 is indicated by a rebound from the support line on the RSI. This suggests a potential price increase. Another sign of growth is the bounce from the lower edge of the bullish channel. However, if the price falls and breaks below the 2505 level, this would invalidate the upward trend and signal further declines, targeting levels under 2445.
For the uptrend to continue, a breakout of the resistance zone and a close above 2765 is crucial. This would confirm the price breaking through the top of the bullish channel, suggesting a growth opportunity matching the channel's width.
On the downside, a price dip toward the 2680 area could test support, followed by a potential recovery with a target above 2975. Testing the trendline on the RSI also favors further price increases. However, if the price breaks through 2505, it would signal a deeper decline, pushing prices below 2445.
In summary, key levels to watch for growth confirmation are 2765 on the upside and 2505 on the downside for a bearish scenario.