Commodities
Gold Consolidates Below Key Levels as Bulls Eye Breakout
Gold futures are trading in a technically important consolidation phase after reaching $4,509.10 recently.
The current price of $4,431 is near the VC PMI Daily Mean at $4,443 and testing the Weekly Mean at $4,437.
A recovery above $4,443 would restore short-term bullish momentum and place $4,486 back into focus.
The Square of 9 analysis suggests that a decisive close above $4,509 would strengthen the probability of an extension toward $4,552 and ultimately $4,581.