#xauusd I checked the weekly chart of gold as well. The blue zone is an important area; as long as price stays within this zone, it may attempt a new high.

If the 3887 bottom marked with the green arrow holds, this decline is considered a correction of the uptrend, and the upside expectation continues.
If the weekly close is below 3887, then yes, we’ll say gold made a low dip, and from then on, any rises will be reactions to the decline.
For now, it’s holding the blue zone, meaning it maintains the look of a corrective drop in response to the uptrend.