Gold rose during its latest intraday trading to confirm breaching $4,100 resistance, which represents the neckline of a bullish double-bottom pattern formed earlier in the short term, reinforcing the potential bullish moves in the upcoming period.

The price continues to trade above the EMA50, which is acting as dynamic support and providing renewed bullish momentum. Meanwhile, the relative strength indicators remain positive despite reaching deeply overbought territory, suggesting the possibility of a temporary slowdown in momentum without changing the overall bullish outlook.