A potential increase in XAU/USD prices during the trading week from September 9 to 13, 2024 is supported by a rebound from the RSI support line. Another confirming signal comes from a bounce off the lower boundary of the bullish channel. If the price drops and breaks below the 2375 level, this would invalidate the growth scenario, signaling a breakdown of the support level and a continued decline towards the 2265 mark.
The expected movement includes a possible pullback to test support near 2495, followed by a continuation of price growth targeting levels above 2865. A break of the resistance area, with a closing price above 2545, will further confirm the bullish outlook. Additionally, testing the trend line on the RSI would strengthen the forecast for rising prices.
However, if the price fails to hold and breaks below 2375, this would confirm a continuation of the downtrend, with quotes potentially falling below 2265.