#xauusd #There are two key levels we will be watching in gold. The low is at 3938, and the level on the rise is 4382.

Staying above 3938 indicates that the dip signal is preserved, and the possibility of an uptrend continues.
A daily close above 4382 means that, based on the last decline wave, the first higher high has formed. In this case, it is also expected to attempt to break the falling blue trend.
If, during the rise, it stays above the falling blue trend, it will have broken the declining line trend as well. In this scenario, a further continuation of the uptrend can be expected, and it may test the peak again.
On the weekly timeframe, as long as it stays above 3887, the rising trend remains intact.