#xauusd # Gold experienced a pullback like silver and moved to the 4038-4003 Fib 0.618-0.786 support zone. Remaining above the 3938 low keeps the upside potential alive. The blue box is an area where buyers could enter. If buyers find a rebound from here again, they can try to break the 4220 resistance.

If the 4220 resistance is broken, we will track the 4382 resistance. If closes come in above 4382, it will mark the first higher high according to the most recent down move. This will be one of the signals that suggests the uptrend will continue. If the uptrend continues and stays above the falling blue trend, it will also break the descending line trend. In that case, further continuation of the uptrend can be expected. And it could try to test the new peak again.

On the weekly chart, as long as it stays above the 3887 level, it means the rising trend is being preserved.