XAU/USD Bullish Breakout from Flag Pattern

Bullish Flag Formation: The price consolidated in a downward-sloping flag after a sharp bullish move. A breakout has occurred, signaling renewed buying pressure.

Support Zone: The breakout aligns with the horizontal support area around 3,392, reinforcing the bullish bias.

Upside Targets: Based on price structure and measured move projection:

First target: 3,435 – 3,452

Final target zone: 3,500+

Momentum Confirmation: The Ichimoku cloud supports bullish continuation as price trades above it, showing strong upward momentum.

Conclusion:
Gold appears to be resuming its uptrend after a brief consolidation. As long as price holds above the breakout level (around 3,392), the bullish targets remain valid. Ideal scenario for continuation traders looking for entries on minor pullbacks