XAUUSD — Waiting for a CorrectionGoldOANDA:XAUUSDjosselianiLooks like a correction may be developing here. For now, the upper light-blue line of the daily channel is acting as support. I’m waiting for price to move back inside the channel, hold there and retest the light-blue line from below. If price holds inside, I’m looking for a correction at least towards the blue daily diagonal around 4090, possibly lower. I’d also like to see the volume level invert. We had a strong volume candle here, initially confirmed as buying volume. Its inversion would give additional confirmation that the correction is underway. Let’s see how it plays out. Tools used: Volume Spike Levels and Magic Diagonals, both available on my profile.