XAU/USD Holds Bullish Flag Structure, Eyes $4,260 Breakout
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XAU/USD continues to consolidate inside a bullish flag pattern, a classic continuation setup that typically resolves in the direction of the preceding trend. The pair's broader structure remains firmly bullish heading into Q4 2026.
Immediate support sits in the $4,000-$4,120 zone, an area that has repeatedly absorbed selling pressure. A decisive close below this band would challenge the current bullish thesis and open room toward deeper retracement levels.
On the upside, resistance is clustered between $4,260 and $4,408. A confirmed breakout above this ceiling would validate the flag pattern and likely accelerate buying momentum across gold-linked forex pairs.