One of the clearest features on this chart is the ascending channel. Price has been moving through a series of higher highs and higher lows while respecting the rising trendline.

After reaching the 4360+ region, Gold entered a short consolidation phase. This type of movement can be monitored around the channel boundaries and horizontal support/resistance levels.

Levels To Watch

Support

4320
4300–4305
4220

Resistance

4360
4380
4420
4440
Reference Targets

Target 1 → 4360
Target 2 → 4380
Target 3 → 4420
Target 4 → 4440