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Alright, weekend strategy session. Gold's closed strong above 5100, RSI overbought on the daily. I'm anticipating a potential gap up on Monday open. Key is to watch for confirmation at the pivot R1 around 5083.11. If it holds above that, we could see a run towards R2 at 5086.91.
Update: I'm setting up alerts just below the pivot point. A break below 5075 could signal a false breakout and a potential short opportunity. Need to be ready to react quickly. Will also keep an eye on the 20 SMA as a dynamic support level if the price retraces. Always good to be prepared for both scenarios.
