Gold is forming a false breakdown of a strong support line. The support and liquidity area formed forms a bullish rally.
TA on the high timeframe: 1) False breakout. Price closes above the 1938 support line, gold may rise to 1950-1960 at the beginning of the trading week 2) Price is testing the liquidity area of 1942.8, the market may open with a gap or continue its growth if this resistance is broken.
TA on the low timeframe: 1) A candle with a large shadow is forming on H4, the price closes close to the 1942 level after a false breakdown 2) The market is forming a potential to continue rising 3) Waiting for the trend resistance to be reached before considering any further setups.