XAUUSD at Long-Term Channel Top – Is a Major Correction Next?

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XAUUSD at Long-Term Channel Top – Is a Major Correction Next?GoldOANDA:XAUUSDAkhildas_PXAUUSD at Macro Channel Resistance – Correction Risk Rising Gold has reached the upper boundary of its multi-decade ascending channel after a parabolic rally. Price is extended far above its mean, suggesting exhaustion near major resistance. Bearish Scenario: Failure to break and sustain above this level could trigger a multi-week to multi-month correction toward: Mid-channel support Lower ascending trendline A 15–30% pullback would be structurally healthy and not invalidate the long-term bull trend. Not financial advice.