Gold showing strong momentum. RSI above 60 suggests continued bullish pressure. Watch for a potential test of R1 around 5250.35. Overall, the trend remains upward unless we see a break below the 20 SMA.
Update: Considering a small short position near R2 (5271.68) if we see overbought conditions. Tight stop loss above that level. Need to see confirmation on the hourly chart before entering. Just an idea, not a recommendation.
