[Daily Gold Chart Signals Strengthening, Analyst Warns of Short-Term Moving Average Resistance] Odaily Planet Daily News – RHB Research analyst Joseph Chai pointed out in a report that, based on the daily chart, the bullish momentum of NYMEX gold futures is accelerating. The analyst observed that gold prices recently broke through the resistance level of $4,500 per ounce in the latest trading session. Chai stated that the bulls are now targeting the next resistance level. However, he also added that gold prices might face strong selling pressure near the 20-day Simple Moving Average (SMA), which is currently in a downward trend. According to data from the London Stock Exchange Group, the 20-day moving average is currently around $4,815.63 per ounce. (Jin10)