From a technical standpoint, gold prices remain within a clear upward channel, with the mid-term bullish structure still intact. Prices continue to trade above the major moving averages, indicating a strong overall market trend and high resilience to corrections.

The recent acceleration in gold prices and the new highs reflect significant initiatives from bulls, supported by positive fundamentals. The $4280 area forms key support for any short-term corrections; this level represents both the lower edge of the recent consolidation range and psychological support.

If gold prices experience a technical correction, as long as this level is maintained, the overall uptrend is likely to continue. On the downside, the psychological level of $4200 is an important breakout base previously and is a crucial area to protect the uptrend. If the correction stops here, the market is likely to view it as a healthy adjustment within the upward trend.