GOLD Daily Timeframe – Bullish Flag Breakout Analysis

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GOLD Daily Timeframe – Bullish Flag Breakout AnalysisGoldOANDA:XAUUSDAlphaEdge_TradingπŸ“Š GOLD Daily Timeframe – Bullish Flag Breakout Analysis Gold has formed a clear Bullish Flag structure on the Daily TF. The breakout above the flag pole indicates strong continuation potential. Since this setup is on the Daily timeframe, expect it to take time to fully develop. --- πŸ”Ή Entry Point (EP): 4560 πŸ”Ή Flag Pole Breakout: 4380 πŸ”Ή Stop Loss (SL): 4310 (Last Lower Low) --- 🎯 Targets β€’ TP1: 4740 β€’ TP2: 4960 β€’ TP3: 5200 --- πŸ“ Flag Target Projection: The measured move gives a final projected target of: πŸ‘‰ 5200 πŸ“ Summary Gold is breaking out of a bullish flag on the daily chart. A clean EP at 4560 with SL below structure at 4310 gives favorable R:R towards targets 4740, 4960, and 5200. With proper risk management, a 0.04 lot position keeps risk controlled on a $10k account.