Pair XAUUSD H4: 1 - Gold on the 4-hour chart is actively moving along the upper band, with both bands actively expanding outward, signaling a potential uptrend. In this situation, we just need to observe whether this signal will be confirmed or not. In terms of fractals, the nearest fractal downwards is far from the current price level, and there are no fractals upwards at all, as the price is at historically high levels. Therefore, it may be prudent to wait for the formation of closer fractals up and down to base trading decisions on potential price movements. 2 - The Awesome Oscillator indicator is actively increasing in the positive territory, and it is currently unclear when the first peak will form, suggesting that the price uptrend may continue further. To receive a reliable signal for a price decrease, it is advisable to wait for a significant decrease towards the zero level.
