XAU/USD Forex Setup: Bullish Flag Targets 4,260 Resistance
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XAU/USD continues to consolidate within a bullish flag pattern, a continuation setup that typically favors the prevailing uptrend. Traders are watching the 4,000-4,120 zone as the critical support band that must hold for the bullish structure to remain intact.
On the upside, resistance clusters at 4,260-4,408 represent the next major hurdle. A confirmed breakout above this zone would validate the flag pattern and open the door to fresh upside momentum for the pair in the weeks ahead.
Price action around these levels will likely dictate short-term positioning, with breakout traders eyeing the upper band while range traders fade moves within the established channel.