[Gold]
With EMA(50) and EMA(200) condition in a Golden Cross intersection and RSI(14) indicator in the Neutral-Bullish area, then Gold is likely to test its nearest resistance level in the near term.
Key Levels
1. Resistance. 2 : 5298.50
2. Resistance. 1 : 5245.02
3. Pivot : 5184.62
4. Support. 1 : 5131.14
5. Support. 2 : 5070.74
Tactical Scenario
Positive Reaction Zone: If the price holds at 5184.62, Gold is likely to move up toward 5245.02.
Momentum Extension Bias: If 5245.02 is broken, Gold could continue higher to test 5298.50.
Invalidation Level / Bias Revision
The upside bias weakens if Gold falls below 5070.74.
Technical Summary
EMA(50) : 5188.51
EMA(200): 5159.06
RSI(14) : 50.54
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