Gold Prices Due for Rebound as Historical Analysis Suggests Upward Momentum
Gold futures are currently in a corrective phase after reaching a weekly high of $4,171.4 before encountering significant selling pressure.
The rejection occurred just below the VC PMI Weekly Sell 1 level at $4,166, reinforcing this area as major resistance.
Prices have since retraced toward the Daily VC PMI Mean near $4,061, where buyers and sellers are once again competing for control.