Gold Futures Surge Above Daily Mean as Resistance Cluster Looms
Gold futures have demonstrated exceptional strength as prices rallied back 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, creating a classic mean reversion setup.
According to the VC PMI methodology, 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.
From a Square of 9 perspective, the market continues to respect geometric price harmonics. Gold has completed an important rotational advance from the recent low near $4,011, placing the current rally into the next resistance phase of the cycle.