Gold's been on a tear lately! With the RSI hovering around 63 and above all the SMAs, I'm leaning bullish. I think we'll see it test the R1 pivot around 5403 soon. If it breaks that, then 5410 is next. Maybe a short pullback first, but the overall trend seems up.
Update: Looking at the Bollinger Bands, we're getting close to the upper band, which could act as resistance. But the momentum is strong. If we see a D1 candle close above 5410, that could confirm the breakout and signal further upside. I'm thinking of entering a small long position around 5380 with a tight SL just below the 20 SMA as a safety net. Gotta manage that risk, ya know? I'll keep you guys posted on how it goes.
