The XAU/USD pair is gaining value, once again updating record highs and testing 4222.60 for a breakout, while the positions of the American currency remain under pressure due to the ongoing shutdown in the US.

Growth is possible.

On the daily chart, the upward third wave of the highest level 3 of (5) and the wave v of 3 forms. Now, the third wave of the lowest level (iii) of v is developing, within which the wave iii of (iii) has ended. If the assumption is correct, the XAU/USD pair within the correction iv of (iii) will grow to the area of 4200.00–4300.00. In this scenario, the critical stop loss level is 3880.50.

On the four-hour chart, the price is holding at 4019.03, while in the range of 3897.95–3969.69, the Inverted Hammer and Rising Three Methods candlestick patterns have already appeared, which signal a strengthening of the upward momentum and warn of a continuation of the "bullish" trend.