Pair XAUUSD D1: 1 - Buyers of Gold were able to end the day in their favor yesterday, and now they have a good position to continue rising further. Looking at the Bollinger Bands situation, the price is trying to move along the upper band. To get a quality signal for a price increase, it is worth waiting for an active touch of the upper band, and then assess whether the bands will expand outward or if there will be no reaction. In terms of fractals, the price has broken the nearest fractal upwards, and if it manages to consolidate above it next week, the target for the price increase will be the fractal from January 29 at the level of 5595.38. The nearest fractal downwards is far from the current quote value, so it is worth waiting for the formation of a new fractal closer to consider any potential price decrease.
2 - The Awesome Oscillator indicator is actively increasing in the positive zone, it is still unclear when the first peak will form, indicating that the price increase may continue further. To get a quality signal for a price decrease, it is worth waiting for an active fading towards the zero level.
