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$XAU Gold still continues to move within the 4590-4456 range.
If it closes above the 4590 level, there could be another upward move towards 4700. If it cannot stay above 4776, this rise is still considered a reaction to a decline.
If it stays below 4456, the reverse Cup & Handle pattern is active and targets the blue box below. The pattern, when it reaches its target, forms a Harmonic Bat pattern. This pattern is upward trending.
The 4186-4140 blue box is the reversal zone of the pattern and a region where buyers may come in. Its targets are 4512-4700-4800 levels. Stop level: a daily close below 4095.
In an upward move, to say that buyers have strengthened, there must first be a close above the 4776 peak.