Gold futures (/GC) are trading near $4,164.80, with an intraday high of $4,224.80 and a low of $4,095. The Variable Changing Price Momentum Indicator (VC PMI) suggests key support and resistance levels, with the weekly VC PMI reference at $4,173 and the daily VC PMI reference at $4,176. Prices below these levels indicate near-term resistance, and a sustained move above $4,176 could signal improving momentum.
Potential resistance levels include Daily Sell 1 at $4,195, Daily Sell 2 at $4,231, and Weekly Sell 1 at $4,250. On the downside, support levels are Daily Buy 1 at $4,140, Daily Buy 2 at $4,121, and Weekly Buy 1 at $4,103. A break below the recent low of $4,095 could indicate further weakness.
The analysis covers the period from October 13-19, 2026, but does not establish a verified future cycle date. Square 9 geometric price analysis provides illustrative calculations, such as a 45° up/down angle at $4,197/$4,133 and a 90° up/down angle at $4,228/$4,101. These are reference tools, not validated trading targets.
Fundamental factors such as real interest rates, inflation expectations, central-bank purchases, and geopolitical developments can influence gold prices. Futures positioning and liquidity may also amplify short-term movements. The analysis is for educational purposes only and not investment advice.