Weekly close below 5050 isn't ideal. RSI oversold but needs confirmation. Smart money might be accumulating before a push up. Will watch for a gap up or down on Monday and adjust accordingly. Holding my long position through the weekend, but with a tighter stop.
Also, with the news about oil prices targeting $100, there could be some inflationary pressure building up. That might give gold a boost next week. Keep an eye on the dollar strength too. If the dollar weakens, gold could see some relief. Just my 2 cents, though. We'll see what happens Monday.
