According to Odaily, RHB Retail Research analyst Joseph Chai has observed a strong upward trend in New York Mercantile Exchange gold futures based on daily chart analysis. Chai noted that gold prices closed above the $3,200 per ounce resistance level on Friday, confirming ongoing bullish pressure. The analyst highlighted that the Relative Strength Index has surpassed the 50% threshold, indicating accelerating bullish momentum. Furthermore, Chai stated that the bullish structure remains intact as gold futures continue to trade above the 20-day and 50-day simple moving averages. He added that this positive momentum could drive gold prices to reach $3,300 per ounce in the coming days.