#xauusd #The dip signal on the daily chart is still ongoing.


As long as it remains above 3938, this is valid and the uptrend may continue.
From the Fibonacci support zone of 4043-3988, the reaction continued and an upswing came. At the moment, a pullback is happening after the upswing, and it has returned to the support zone. If buyers strengthen here, there could be another attempt upward.
On the 4-hour chart, we will watch the resistances at 4220-4382. If closes come in above 4382, then—based on the last drop wave—it will form the first higher high. This will be one of the signals indicating that the uptrend will continue.
If it stays above the falling blue trend, it will also break the falling trend line. In that case, further continuation of the uptrend can be expected, and it may test the previous peak again.
On the weekly chart, as long as it stays above 3887, it means the rising trend is preserved.
XAUUSD-0.65%
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