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its a brand new day to check on the $XAU charts. as always i focus on the daily timeframes first then switch to the15min Tf.
looking at the previous daily candle, the daily high was 4084.32, mid range 4054.24 and daily low at 4016.15.
the Bias on daily timeframe is bearish, on the A/D chart ,you can see its making lower lows and highs and the RSI levels are below 50, and the price is trading below the EMA 50.
if the price fails to hold the daily low, 3940 might get retested, alot of liquidity lies there.
if price breaks out well above 4100, a 4hr body close, then we might see a bullish rally long term to 4300 levels
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