Gold at Major Confluence Zone — 4170 is the Key Breakout Level

Gold is currently testing a major confluence area formed by multiple structural levels.
Price is now touching:

The upper boundary of the black descending channel
– A confirmed breakout would signal the end of the bearish leg.

The 50% midpoint of the blue channel
– Breaking above it opens the door toward the upper side of the main ascending channel.

The upper boundary of the yellow channel
– Not completed or validated yet, so considered secondary until structure develops further.

All these technical elements meet around the 4170$ level,
making it the key breakout point to unlock bullish continuation.

A strong close above 4170 may shift momentum upward
and push price toward higher channel targets.
Failure to break it keeps price inside current structure.

Further updates will follow with confirmation.