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$XAU #Gold We said resistance at 4366. The resistance held. If the decline continues, we will follow the 4154 level fib 0.618 support. Buyers may come in here again.
If it closes above 4366 (meaning it stays above for a day), the rise could continue up to 4598.
If it lingers for one or two days on a level above the falling blue trend, the real upward movement will then continue.
It may test the new high again.
We are monitoring the breakdown of the falling trend; a breakdown could occur around 4700. The breakout level may vary depending on the angle of trend development. The rise could continue up to the previous high with the trend's breakout.
In pullbacks, we will follow the 4023 bottom; as long as it holds, the upward trend may continue.