Gold bulls need to break $5,200 and $5,300 soon or momentum exhaustion could see gold fall as far as $4,380/oz –...

Technical setup: gold holding above the ~$5,100 breakout but facing heavy resistance in the $5,200–$5,300 zone; failure to clear soon risks momentum exhaustion. The cited downside roadmap flags $5,100 as the key line—below it, the analysis opens a move toward ~$4,800 and potentially ~$4,380. Desk should frame this as a near-term levels trade: buy strength only on a clean break/hold above $5,200–$5,300, or fade rallies with tight risk if $5,100 cracks. Options likely to reprice around these pivots (gamma/hedging flows).