Gold Futures Surge Above Key Resistance Levels

Gold futures have regained strength and are trading above the VC PMI Daily Mean of $4,109. This confirms that the market's bullish momentum remains intact.

The price has successfully rejected the Daily Buy 1 level at $4,042 after briefly testing lower prices near $4,011, creating a 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. 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.

The Square of 9 perspective also shows that the market is respecting geometric price harmonics. The current rally is in the next resistance phase of the cycle and should price exceed the Sell 1 resistance zone with expanding volume, the Square of 9 projection supports an extension toward the higher weekly objective near $4,260.