XAU/USD 30M Ascending Channel With Bullish Target ZoneXAU/USD SpotFX:XAUUSDSRT_MastersMajor support: around 4,655–4,660 Price reacted strongly from this blue demand zone multiple times. Mid-range support/resistance: around 4,690–4,700 Current price is consolidating here after rejecting lower levels. Upper channel resistance / target area: around 4,805–4,815 That highlighted “target point” zone aligns with the projected top of the ascending structure. Trend bias: still moderately bullish while price remains above the ascending support trendline. The setup suggests: Holding above the diagonal support keeps the possibility of continuation toward the upper blue zone alive. A clean break below the channel and especially below 4,660 would weaken the bullish structure and likely invalidate the upside target. Visually, the market is compressing into a tighter range near the right side of the chart, which often precedes