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#WinGoldBarsWithGrowthPoints
#xau, #altın The bearish setup formed in the 4-hour timeframe was corrected at the day's close. The intermediate trend broke, but if it closes above 4735, it will have made the first higher high on the 4-hour chart compared to the last down wave. This is considered a sign that the uptrend could continue.
If the close doesn't come above 4735, a continuation of the decline is expected. Possible support levels on the decline are 4261-3992-3887 and 3674. If reversal confirmation is obtained at any of these levels, a new uptrend could follow.
If gold is to continue rising, it should close above 4735, and then it can test the upper resistance levels. After that, it should break the resistance and close above the 5597 peak. Once it maintains persistence above the peak, we could see new highs.
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