XAUUSD, H4
![XAUUSDH4.png](https://eu-images.contentstack.com/v3/assets/blt73dfd92ee49f59a6/bltcae24ae918dc9ee5/675aacfa555bf785752ef05d/XAUUSDH4.png)
XAUUSD navigates within an ascending channel and tests the crucial resistance at the 2720 level.
The MFI and RSI oscillators are in the overbought zone, giving a signs of correction for the asset.
- If the price breaks above the 2720 resistance, it will rise to 2758 level.
- However, if XAUUSD bounces from the 2720 resistance, the asset may fall to 2665.