Gold Price Tests Critical Support Levels as Inflation Concerns Rise

Gold futures have fallen by 1.10%, closing near $4,390.2 and testing critical support levels. The price is below its daily and weekly moving averages (VC PMI), specifically the daily mean of $4,436 and the weekly mean of $4,455.

The market is currently at Daily Buy 1, where a high-probability reversion zone has been identified by VC PMI. A sustained recovery above $4,436 would neutralize immediate downside pressure and target $4,455, followed by Daily Sell 1 at $4,492.

However, failure to hold the current level of $4,384 shifts attention to Weekly Buy 1 at $4,351 and Daily Buy 2 at $4,328. These levels form a concentrated support band surrounding the chart's recent low of $4,329.2.

The Square of 9 geometry reinforces the technical map, with nearby rotational values clustering around $4,374 and $4,407. The broader 180-degree projections near $4,324 and $4,457 closely align with Daily Buy 2 and the weekly mean.