XAUUSD M15 | Ascending Channel Analysis With Key Support & Resis
Gold has maintained a strong short-term upward structure on the 15-minute chart. The price action shows a clear progression of higher highs and higher lows, supported by an ascending trendline.
After advancing from the broader 4140–4160 demand region, Gold moved toward the 4360–4370 area and began consolidating. Current price is approximately 4342, while the rising channel remains the dominant technical structure on the chart.
The highlighted 4300–4305 support zone is particularly important because it is positioned near the recent structural area and the lower portion of the channel. A sustained hold above this region would keep the current higher-low formation intact.
Major Technical Levels
Current Price: ~4342
Support Areas
4320 — Near-term support
4300–4305 — Key structural support
4220 — Major support
4140–4160 — Broader demand region
Resistance Areas
4360 — First resistance
4380 — Second resistance
4420 — Major resistance
4440 — Extended resistance
Reference Targets
🎯 Target 1: 4360
🎯 Target 2: 4380
🎯 Target 3: 4420
🎯 Target 4: 4440
