Gold seems range-bound between 4980 and 5020. SMA 50 is acting as immediate resistance. Watching for a breakout either way to establish a clearer trend. RSI around 50 confirms the neutral sentiment right now.
Update: A close above 5006.72 (R2) would make me more bullish. Until then, I'm staying cautious. Option strategy will depend on whether we see a confirmed breakout or rejection at this level. Need to see more volume too.
