[Analyst: Gold Price Daily Chart Shows Bullish Signal, Tug-of-War Between Moving Average Resistance and Bullish Momentum] Odaily Planet Daily News - RHB Retail Research analyst Joseph Chai pointed out in a report that, based on the daily chart, the bullish momentum for NYMEX gold futures may be accelerating again. The analyst observed that gold prices recorded their third consecutive day of gains on Tuesday. Chai stated that gold prices might challenge the key resistance level above $4,800 per ounce. However, he also noted that the 20-day and 50-day simple moving averages are currently trending downward, forming resistance levels. The initial support level is currently set at $4,400 per ounce. (Jin10)