XAUUSD continues to climb within an ascending price channel, maintaining a clear structure of higher lows. The recent strong rebound from the channel's lower boundary indicates that buying pressure actively absorbs dips whenever the price corrects.

A key level to watch is the 4,284 zone, where the lower channel boundary converges with the nearest Fair Value Gaps (FVGs). Should the price retest and hold this area, I expect buying momentum to return, driving XAUUSD toward the upper channel boundary near 4,374.

With gold supported by expectations of a less hawkish Fed policy, the current market structure favors a trend-following strategy—buying the uptrend—rather than counter-trend selling.