Gold Futures Rally Above Key Resistance as $4,260 Target Looms
Gold futures have demonstrated exceptional strength by rallying back above the VC PMI Daily Mean of $4,109, confirming that bullish momentum remains intact. This move has rejected the Daily Buy 1 level at $4,042 and created a classic mean reversion setup.
The VC PMI methodology suggests that once price returns above the daily average following an oversold condition, probabilities shift strongly toward testing higher resistance levels. According to this analysis, 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. This aligns with the Square of 9 perspective, which continues to respect geometric price harmonics.