#xauusd #As long as it holds the 3938 level on the daily, the possibility of an uptrend remains.

On the 4-hour chart, we are watching the 4220-4382 resistance levels. If closes come above 4382, it would mark the first higher high according to the last decline wave. This will be one of the signals that the uptrend will continue.
If it stays above the falling blue trend, it will also break the descending trendline. In that case, it can be expected that the uptrend will continue even further. And it may try the new peak again.
On the weekly, as long as it stays above the 3887 level, the rising trend is considered to be preserved.