Overview: 

Gold remains supported after breaking above the 100-hour Simple Moving Average (SMA) and the $5,200 level, giving bulls short-term control. However, momentum indicators suggest buying pressure is cooling. Technical Indicators: MACD: Below signal line with negative histogram – upside momentum fading. RSI (14): Dropped from overbought above 70 to mid-50s – suggesting a possible short-term pullback. 

 Key Levels: 

 Resistance: $5,228

 Next Target: $5,260 

 Support: $5,190

 Major Support: $5,160 

Market Outlook:

 Holding above $5,190 keeps the bullish structure intact and could allow another test of $5,228. A break above $5,228 may open the path toward $5,260. A drop below $5,160 would weaken the bullish outlook and expose $5,140. 

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