#XAUUSD On Friday, despite the significantly bearish nonfarm payrolls data, gold only dipped to the intraday low of 3930 before staging a strong, volatile upward move and closing firmly. It rose strongly at the open this morning, breaking above 4100. Judging by its current performance, the upward momentum is strong and conditions look favorable, with a potential push toward 4150. However, watch whether prices rise to test last week's high of 4150 today before making a second probing move back down. For today's intraday trading, focus mainly on buying dips.

Resistance levels to watch above: 4130, 4150, 4200

Support levels to watch below: 3980, 3940, 3900