GOLD 12HGoldOANDA:XAUUSDLapis-ChartGold is moving inside a descending channel on the daily timeframe, and there’s a good chance we’ll see a pullback to the downside. In that pullback zone, we’ve got a strong confluence of support: - A key horizontal support (demand zone) - The channel midline - Fibonacci retracement levels at 0.5 and 0.618 This area could act as solid support and trigger a bullish reaction. If price holds here, we could see a move back up toward the top of the channel.