#xauusd #Since it maintained the 3,938 level on the daily chart, the upside potential remains.

If a pullback occurs from its current level, the 4,038-4,003 zone will be the Fib 0.618-0.786 support levels. From there, buyers could step in again and it may attempt to break the 4,220 resistance.
If, on the 4-hour chart, it approaches the 4,220 resistance and stays above it, we will follow the 4,382 resistance. If closes come in above 4,382, it will mark the first higher high according to the last falling impulse wave. This will be one of the signals indicating that the rally could continue.
If the upside continues and it stays above the falling blue trend, it will also have broken the falling trendline. In this case, further continuation of the upside could be expected. And it may test the previous peak again.
On the weekly chart, as long as it stays above the 3,887 level, it means the uptrend is preserved.