$XAU #Or gold 4366 resistance, we said. The resistance held. If the decline continues, we will follow the 4154 level fib 0.618 support. Here, buyers may come in again.


If it closes above 4366 (meaning it stays above for a day), the rise could continue up to 4598 level.
If it lingers for one or two days on a level above the falling blue trend, the real rise will then continue.
It may attempt the peak again.
We are monitoring the breakdown of the falling trend; a breakdown could occur around 4700. The breakdown level may vary depending on the trend's angle of development. The rise could continue up to the previous peak with the trend's breakout.
In pullbacks, we will follow the 4023 bottom; as long as it holds, the rise may continue.
XAU-1,37%
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