Gold continues to show resilience this week. Last week's bearish engulfing candle failed to derail the uptrend, and the rally has resumed, though prices remain below recent highs. A break above current resistance could target the yearly R1 pivot level around 5043. On the flip side, the bearish scenario remains viable—if momentum fades, we could see a pullback that tests lower support levels. Traders are watching for confirmation signals to determine which path dominates next.