RHB Retail Research analyst Joseph Chai has identified a strong upward trend in gold futures on the New York Mercantile Exchange (NYMEX), based on daily chart analysis, according to Odaily. Chai highlighted that gold prices closed above the $3,200 per ounce resistance level on Friday, indicating sustained bullish pressure. His analysis further reveals that the Relative Strength Index has surpassed the 50% threshold, signifying accelerating bullish momentum. Moreover, Chai emphasized that the bullish structure remains intact as gold futures continue to trade above both the 20-day and 50-day simple moving averages. He predicts this positive momentum could drive gold prices towards $3,300 per ounce in the coming days.