XAUUSD continues to maintain a positive short-term structure after a strong upward move from the lower demand area. Price is now consolidating around 4340 while remaining above the rising trendline.

The 4300–4305 zone is an important reference area because it sits close to the lower channel structure. A sustained hold above this region would keep the current higher-low formation intact.

Technical Map

Support

4320
4300–4305
4220

Resistance

4360
4380
4420
4440
Scenario Map

Bullish continuation scenario:
Price holds above channel support → 4360 → 4380 → 4420 → 4440.

Retracement scenario:
Price loses the rising channel → 4320 → 4300–4305 could become the next areas to monitor.