Forex Signal: XAU/USD Buy Setup Targets 4,260 Resistance
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XAU/USD continues to consolidate within a bullish flag pattern, holding above the critical 4,000-4,120 support zone. This structure, nested inside a broader uptrend, suggests continuation potential once price clears near-term resistance.
Forex Signal: Entry at 4,135 on confirmed flag breakout. Take Profit (TP) set at 4,260, with an extended target at 4,408 for aggressive positions. Stop Loss (SL) placed at 4,080, below the flag's lower boundary.
This configuration offers a Risk/Reward ratio of approximately 1:2.3 on the primary target, improving to 1:5 if price extends toward the upper resistance band.