XAUUSD continues to trade within a well-defined ascending channel, forming a series of higher highs and higher lows, indicating that buyers remain in control of the short-term trend. Although price is approaching the upper boundary of the channel, there are still no reliable signs of a bearish reversal.

A key observation is that after each bullish impulse, price tends to make a modest pullback before resuming its upward movement. As long as the ascending channel remains intact, the next upside target is the 4,360 level.

Trading Focus: Look for BUY opportunities when price retraces to the lower boundary of the ascending channel and confirms support with a valid bullish signal.
Target: 4,360.
Invalidation: The bullish outlook will become invalid if price breaks below and closes beneath the lower boundary of the ascending channel.