Gold on the daily chart feels like an athlete who just sprinted too fast, stumbled, and is now catching his breath before the next move.
It ran hard from 4,398 all the way to 5,596, then pulled back sharply and is now stabilizing around 4,997. The real tension sits between 4,856 (0.382 Fib) below and 5,138 (0.618 Fib) above. That range is where emotions are being tested. Sellers are trying to prove the rally was overheated, while buyers are quietly defending structure.
The bigger picture still leans bullish. Price remains comfortably above the rising 50 SMA, and the 200 SMA is trending upward beneath price, acting like a long-term safety net. As long as 4,856 holds, this pullback looks more like a reset than a reversal.
Trade plan
Entry: 4,980–5,020 on bullish confirmation
Targets: 5,138 → 5,300 → 5,596
Stop loss: Below 4,850
Right now this chart is less about speed and more about patience. If buyers protect 4,856, the next push toward the highs can come faster than most expect.
#XAU #XAG #GOLD #MarketRebound
