$XAU #Gold was rejected at the 4366 resistance level, and the decline continued. As long as it maintains its bottom at 4023, the possibility of an upward movement remains.

If it closes above 4366 (meaning it stays above for a day), the rise could continue up to the 4598 level.
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 attempt to retest the high again.
We are monitoring the break of the declining trend; a break 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.