XAUUSD: Maintaining momentum within the rising channel!

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XAUUSD: Maintaining momentum within the rising channel!GoldOANDA:XAUUSDDomicChainaXAUUSD is undergoing a correction after rallying to the $4,160 level, yet the bullish structure within the rising channel remains intact. The $4,060–$4,090 zone represents a confluence of previous support, the EMA89, and the lower boundary of the rising channel. From a macroeconomic perspective, safe-haven demand driven by Middle East tensions, combined with a slight weakening of the USD, is providing support for gold. Bullish Target: $4,210 The bullish scenario is invalidated if XAUUSD closes an H1 candle below $4,050, confirming a breach of the support zone and the lower boundary of the rising channel.