Gold prices (XAUUSD) are expected to rise during the trading week of December 23–27, 2024. A key signal supporting this growth is a rebound from the trend line observed on the RSI. Another signal is the price reacting positively to the lower edge of the “Triangle” pattern.
Key Levels to Watch:
- Growth Confirmation: A breakout above 2,705 will confirm an upward trend. This move indicates the price surpassing the triangle's upper boundary, potentially targeting levels around 2,845 or higher.
- Growth Invalidation: If the price drops below 2,495, this would break the support level, signaling further declines toward 2,425.
The price may initially test the 2,525 support level before resuming its upward trajectory. A successful test of the RSI trend line will reinforce the bullish outlook.
Keep an eye on price action near the resistance and support zones for clear directional confirmation.