XAUUSD - BullishGoldOANDA:XAUUSDoceaneyes123Price is moving inside an ascending channel, shown by the cyan parallel trendlines. The recent drop found support near the lower/middle channel area, then price bounced strongly upward. After that impulse, price pulled back and is currently retesting the channel support zone. The key idea is: Price may continue higher if it holds above the rising channel support. The blue arrow shows a possible bullish path toward the upper part of the channel and possibly the Fib Extension 100 area above. The gray box below marks a 4H Fair Value Gap (FVG). This is a possible demand/imbalance zone where price could react if it drops deeper. If price fails to hold the current channel support, the FVG could become the next major area to watch. The moving averages are also starting to turn upward again, which supports the bullish bias, but confirmation would be stronger if price breaks back above the recent local high near the top of the pullback.