Gold Futures Break Above Key Resistance Level

Gold futures have broken above the VC PMI Daily Mean of $4,109, confirming that bullish momentum remains intact. The market has successfully rejected the Daily Buy 1 level at $4,042 after briefly testing lower prices near $4,011.

The VC PMI methodology indicates that once price returns above the daily average following an oversold condition, probabilities shift strongly toward testing higher resistance levels.

The next upside objectives are the Daily Sell 1 level at $4,165 and the Weekly Sell 1 level at $4,166, creating a significant resistance cluster. A sustained close above this area would increase the probability of advancing toward the Daily Sell 2 level at $4,232, with the Weekly Sell 2 target at $4,260 representing the next major objective.