$XAU Long position observation +0.58% – Gold pulls back to the moving average support

Moving steadily, the price is consolidating near the 4H EMA moving average. The overall trend is upward, and the pullback is a healthy adjustment.

Key positions

· Support: 5,080 - 5,100 (EMA9 and previous low)
· Resistance: 5,168 (previous high) / 5,250

Trading plan

· Entry: 5,090 - 5,110 area
· Stop loss: below 5,030 (break below the 4H platform)
· Take profit: 5,160 / 5,200

This type of movement in gold is suitable for buying low during pullbacks, not chasing high. The larger cycle trend is still in place, be patient and wait for the right position.

⚠️ Not financial advice. DYOR, control your position.
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