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#XAU #Gold is experiencing another pullback; the Fibonacci support levels are in the 4154-4097 range. When it holds, a renewed attempt to rise may occur. As long as it maintains the 4023 low, the upward potential continues.
If it closes above 4366 (meaning it stays above that level for a day), the rise could continue up to 4598.
If it lingers for one or two days above the falling blue trend, the main upward movement will then continue.
It may attempt to test the previous high again.
We will monitor the breakdown of the falling trend; it could occur around 4700. The breakout level may vary depending on the angle of trend development.
With the trend breakout, the rise could continue up to the previous peak.