Gold's Path of Least Resistance Remains LowerGoldOANDA:XAUUSDRoihandzakyGold remains under significant bearish pressure as price continues to respect the boundaries of a descending channel, confirming that sellers still dominate the market structure. Every recovery attempt has been met with renewed selling interest, resulting in a sequence of lower highs and lower lows that reinforces the current downtrend. Recent price action suggests that bullish momentum remains weak, with resistance along the upper trendline continuing to cap upside movement and prevent any meaningful reversal from developing. From a broader perspective, the technical outlook aligns with the evolving macroeconomic landscape. Market expectations surrounding the possibility of higher interest rates have strengthened the bearish case for gold, as elevated rates typically support the U.S. Dollar and Treasury yields while reducing the attractiveness of non-yielding assets such as gold. As long as investors continue to price in a more hawkish monetary policy environment, upside potential may remain limited and rallies could continue to face selling pressure. With the descending channel still intact and price failing to establish a sustained breakout above resistance, the path of least resistance remains to the downside. The next major area of interest lies around the 4,282 support zone, which stands out as the nearest significant target for bearish continuation. A decisive move toward this level would further validate the prevailing trend and reinforce the market's negative sentiment. Unless buyers can reclaim control and break above the channel resistance with strong momentum, the current structure continues to favor further downside movement in the sessions ahead. In trading, the market rewards discipline over prediction. At this stage, the chart continues to tell a bearish story, and until proven otherwise, respecting the trend remains the most prudent approach.