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$XAU #Gold closing above 4366 (meaning it stays above for one day) could see an upward movement continuing to the 4598 level.
If it stays on the falling blue trend for one or two days, the real rally will then continue.
It may attempt to reach the previous high again.
We will monitor the break of the declining trend; a break could occur around 4700. The breakout level may vary depending on the angle of trend development. A break of the trend could lead to a rise continuing up to the previous peak.
In declines, staying above the 4023 level maintains the possibility of an upward movement.