Mars Finance News, Joseph Chai, an analyst at RHB Retail Research, said that from the daily chart, the strong upward momentum of NYMEX gold futures is still in play. The analyst noted that gold prices closed above the $3,200 per ounce resistance level on Friday, confirming the continued bullish pressure on gold futures. Chai said the Relative Strength Index has exceeded the 50% threshold, indicating that bullish momentum is accelerating. Additionally, the analyst stated that the bullish structure appears intact, as gold futures continue to remain above the 20-day and 50-day simple moving averages. Chai added that with this positive momentum, gold prices may rise to $3,300 per ounce in the next few trading days. (JinShi)