The strong resistance zone has been touched, and there was a rebound. XAUUSD had previously retraced from this level. The price has created a potential false breakout of the resistance on the daily chart, accompanied by a long-tailed rejection bar. It concluded beneath the critical level of 2070.
I anticipate the market to retract from the resistance and make an attempt to close below 2070 this week. Fridays typically witness a retracement after a week of trend movement.
My objective is the support around 2056.80.