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#XAU #Gold, like silver, remains in a critical zone and as long as it stays above the 4023 bottom, the upward potential continues.
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 above the declining blue trend, the real upward movement will then continue.
It may attempt to retest the high again.
We will monitor the breakdown of the declining 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 high.
If it stays below the 4023 bottom, it may test the supports at 3887-3608 levels.