Gold seems to be testing resistance around 4990-5000. If it breaks through, we might see a good upside. RSI is still neutral though, so waiting for more confirmation before entering a long position. Maybe a break above R1 would be a safer entry point. What do you guys think?
Update: I'm also watching the 200 SMA, which is almost at the same level as current price. If gold rejects from there, it could signal a short-term bearish move. Will wait for a clear breakout or rejection before making any decisions. Patience is key!
