Gold Market: Waiting for the Necessary CorrectionGoldOANDA:XAUUSDKiliann_DangHey everyone, Kilian here. Right now, XAUUSD is at a critical point. After a strong upward move, the price of gold broke through the upper boundary of its channel, but it’s now pulling back inside. This retracement could suggest that the buying momentum is starting to lose steam, which might signal a potential shift in market direction. If the selling pressure intensifies, there’s a real chance that we’ll see the price test the middle or even the lower boundary of the channel. This would likely indicate a deeper correction, as the market consolidates before deciding its next move. For now, we need to keep an eye on the price action. If the buyers can regain control and push the price back above the previous breakout level, it would be a strong confirmation that the uptrend is still intact. However, if the price continues to slip, we could be looking at a short-term bearish phase. I hope your trades are going well. Stay tuned for more updates and insights by following me!