An additional indication of rising Gold (XAUUSD) prices during the trading week from 27th to 31st January 2025 is a rebound from the RSI trend line. Another key factor supporting this growth is the price bouncing off the upper edge of the "Triangle" pattern.
However, if the price drops below the $2,495 level, the growth scenario will be invalidated. This would signal a breakdown of the support level and a likely continuation of the decline toward $2,415 or lower. Conversely, the growth outlook will be confirmed if the price breaks above the resistance level and closes above $2,805.
A short-term decline to test the $2,695 support level is possible before a rebound that targets prices above $3,085. The RSI trend line test further strengthens the case for an upward movement.
In summary:
- Key resistance: $2,805 (Breakout confirms growth).
- Key support: $2,495 (Breakdown signals further decline).
- Target for growth: $3,085.
- Target for decline: Below $2,415.
Monitor price behavior closely around these levels to confirm the next move.