$XAU Perp short term view (1h)

Price has shown a strong impulsive rally from the 4,334 area and is now consolidating just below the recent high at 4,460. Structure remains clearly bullish with higher highs and higher lows intact.

Bias

Bullish while above 4,410

Key levels

Support: 4,420 then 4,400

Resistance: 4,460 then 4,500

Trade idea

Long on pullbacks toward 4,420–4,410

Targets: 4,460 then 4,500

Invalidation: Strong close below 4,400

As long as price holds above the 4,400 zone, continuation toward new highs remains the higher probability scenario.