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$XAU #Gold We are monitoring the 4515 peak on the 4-hour chart; if a close above it occurs, the upward movement could continue up to the 4598 level.
Staying above this level will be a sign that the rally will persist.
However, if a close above this level does not occur, another decline may happen.
If the decline continues and the price drops into the blue box, which is the reversal zone of the long-standing harmonic pattern we are following, a reversal confirmation here would suggest a renewed upward movement.
4186-4140 levels are the reversal zone of the blue box. This area is where buyers may come in.
Targets are 4512-4700-4800 levels. Stop level: a daily close below 4095.