XAUUSD: Stepping Up Within the Rising ChannelGoldOANDA:XAUUSDKiliann_DangHello everyone, Kilian here! Gold (XAUUSD) is currently in a strong upward trend, moving within a rising price channel. Recently, the price pulled back from the top of the channel and touched the lower boundary, where it faced significant resistance. This suggests that buyers are stepping back into the market, pushing the price higher once again. If the bullish momentum continues, we could see the price break through the top of the channel, signaling a further upward move. Given the current market conditions, this scenario looks quite likely. However, if the price closes below the lower boundary of the channel, the bullish trend could be invalidated, and we may see a shift toward a downtrend. At that point, we’ll need to be cautious and watch for any potential short-term pullbacks as the market adjusts.