#xauusd #Gold daily bottom signal continues as long as 3938 holds. The pullback we expected after the signal has also occurred. Buyers came from the 4043-3988 Fibonacci support zone.

We will follow the 4220-4382 resistances on the 4-hour chart. If closing above 4382 occurs, the first higher high relative to the last downward wave on the 4-hour chart would be formed. This will be one of the signals indicating that the uptrend will continue.
As long as it stays above the falling blue trend line on the upside, it will also break the descending linear trend.
In this case, the uptrend can be expected to continue further. And it may test the peak again.
On the weekly, as long as it stays above the 3887 level, the uptrend is preserved.