Continuation of the pullback on gold

Gold bounces to the downside from the 200 week exponential moving average towards the 1200 level. The 1200 level could act as support, but if it breaks it to the downside, the 55 week exponential moving average, purple line, could act as a better support. Any of those two levels could serve as long entry points. If the price returns to the 200 week EMA, then that level could act as resistance once again. It is possible for the price to go back up, since the bullish trend is still in place.