Growth is possible.

On the daily chart, the upward third wave of the highest level 3 of (5) develops, within which the wave iii of 3 formed. Now, the correctional wave iv of 3 has formed, and the wave v of 3 and the third wave of the lowest level (iii) of v are developing. If the assumption is correct, the XAU/USD pair will grow to the area of 3800.00–4000.00. In this scenario, the critical stop loss level is 3292.20.

The XAU/USD pair is showing slight growth, developing the "bullish" impetus formed at the beginning of the current week. The instrument is testing 3370.00 for a breakout, while trading activity during the morning session on Thursday remains quite low.

The XAU/USD pair is completing a correction that developed against geopolitical factors and is preparing to return to its usual recent upward dynamics, trading above the historical high of 3300.0.

The XAU/USD pair is trading within a long-term upward trend, forming a corresponding channel. In mid-May, the price reached its lower limit in the area of 3125.00 (Murrey level [4/8]), after which it resumed growth.