Pair XAUUSD H4: 1 - Gold on the 4-hour chart has started to move along the lower band, with both bands expanding outward. This signals a potential downtrend development, and all we have to do now is observe whether this signal will play out or not. In terms of fractals, the price has broken several fractals to the downside, but after the last fractal from January 21 was breached, it retraced significantly, failing to hold below it. As a result, the nearest fractals above and below are far from the current price level. Considering the magnitude of the movement, it is advisable to wait for the formation of new, closer fractals to better assess the direction of price movement.
2 - The Awesome Oscillator indicator crossed the zero level and started to grow actively in the negative territory. If this acceleration continues next week, we will receive a stronger signal for a price decline. However, if a crossover through zero occurs with active growth in the positive zone, it will signal a price increase.
