According to The Kobeissi Letter, a buy alert was issued for gold at $3255 on Friday, and positions are now in profit following a significant $90 price surge today (source: The Kobeissi Letter). This move confirms bullish momentum and suggests strong institutional demand. Traders monitoring gold futures should note the breakout above recent resistance, as this price action could attract further momentum buying and short covering. Continued monitoring of volume and order flow is essential for assessing the sustainability of this rally (source: The Kobeissi Letter on Twitter).