Gold's Bullish Flag Targets 4,260 Resistance Zone

Gold's daily chart shows a classic bullish flag formation consolidating within a broader uptrend, a pattern that typically precedes continuation moves. Price action remains contained between the 4,000-4,120 support band and the 4,260-4,408 resistance cluster, with the flagpole's prior rally suggesting measured upside targets near the upper band if the pattern resolves bullishly.

A decisive close above 4,260 would likely trigger momentum buying toward the 4,408 extension, while failure to hold 4,000 risks a deeper retracement into the broader consolidation range. Volume patterns within the flag remain the key confirmation signal traders are watching for a valid breakout.

COT positioning data continues to show constructive sentiment among large speculators, reinforcing the technical bias toward continuation rather than reversal at current levels.