XAUUSD on M30 is starting to show a more constructive intraday structure going into the US session, with price rebounding from the recent low and now moving back toward an important technical decision area.
The key focus right now is the trendline retest zone around 4410. Price is testing the broken descending structure while also being supported by a rising intraday trendline from the recent low. This creates a very important confluence area. If buyers continue to defend this zone, gold may have room to extend higher during the US session.
š Key levels to watch
4410 ā trendline retest / intraday pivot
4477 ā first resistance
4567 ā next upside expansion zone
4646 ā higher resistance target if momentum strengthens
āļø US session scenarios
Bullish continuation:
If price holds above 4410 and confirms support at the trend retest area, gold may continue pushing higher toward 4477, then potentially 4567 and 4646.
Failed retest:
If price loses the current support structure and fails to hold above the retest zone, the recovery may weaken and the upside scenario would need to be reassessed.
āØ Market view
For now, this setup looks like a test of trend followed by potential upside expansion.
The US session will likely decide whether this becomes a real push higher or just another temporary rebound.
Main question for this session:
Can gold hold the retest and pump higher ā or will the trendline reject price again?