Gold Prices Rally Toward Key Resistance at $4,509

Gold prices have rebounded sharply from their recent low of $4,365.50 and are now trading near $4,482.

The recovery has carried price back above both the VC PMI Weekly Mean at $4,437 and the VC PMI Daily Mean near $4,461, shifting the short-term bias toward the sell-side targets.

According to analysts, the immediate upside objective is a confirmed breakout above $4,509, which would strengthen momentum toward Daily Sell 2 at $4,526, followed by the major Weekly Sell 2 objective at $4,581.