The chart presents a clear upward channel that developed after Gold established support around the lower levels. Price has continued to form higher swing points and is now trading around 4342.

The highlighted 4300–4305 zone is positioned below current price and aligns closely with the lower portion of the current structure. This makes it an important area to monitor during any retracement.

Structure
Higher Highs ✔️
Higher Lows ✔️
Ascending Channel ✔️
Price Above Key Support ✔️
Levels

4320 — near-term support
4300–4305 — key support zone
4360 — first resistance
4380 — second resistance
4420 — major resistance
4440 — extended resistance