XAU/USD Trade: Long Position Current market sentiment favors a bullish continuation as price stabilizes above psychological support. Trade Direction: Buy (Long) Entry Zone: $5,085 – $5,120 (Price is finding demand around the 21-day SMA and recent consolidation lows) Stop Loss (SL): $4,985 (Below the critical $5,000 support floor to protect against volatility) Take Profit 1 (TP1): $5,235 (Immediate resistance at recent swing highs) Take Profit 2 (TP2): $5,350+ (Liquidity target near Fibonacci extension levels) Strategy Context Support & Demand: The $5,000 zone has proven to be an aggressive rebound area following sharp breakdowns. Bullish Bias: Analysts observe a 5-wave impulsive sequence in progress, with long-term targets reaching toward $5,850. Risk Management: Geopolitical tensions in the Middle East provide a strong safe-haven floor, but volatility remains high following U.S. employment data releases. Would you like a breakdown of the current economic indicators affecting this setup or a lower-timeframe entry for scalping? $XAU #XAU #XAUUSD