In the realm of #GOLD, potential signals indicating an uptick in both quotations and prices could involve a bounce from the support line on the relative strength indicator (RSI) and a rebound from the lower boundary of the bullish channel. However, if prices decline below 2215 during the week of April 22 — 26, 2024, signaling a breakdown in support, anticipate further declines towards 2065. On the contrary, expect confirmation of an upward trend through a breach of the resistance area and achieving closing quotes above 2425.
Foresee an initial decline and support test around the 2295 area, followed by sustained growth in Gold prices targeting levels above 2665. A validation of this upward momentum would be seen through a test of the trend line on the relative strength index (RSI). Nevertheless, if prices fall below 2215, it would nullify the bullish outlook, indicating a potential decline towards 2065.