Gold Prices Tumble Below Key Support Zone Amid Bearish Momentum

Gold prices are trading near $4,411 after rejecting the upper VC PMI resistance structure and moving back below its Weekly VC PMI mean at $4,437. This places short-term momentum in a bearish configuration until price can reclaim the $4,332-$4,437 mean cluster.

The chart identifies Daily Sell 1 at $4,482 and Daily Sell 2 at $4,542 as key targets on the upside, while Weekly resistance is concentrated near $4,500, followed by Weekly Sell 2 at $4,581. On the downside, Daily Buy 1 at $4,372 converges closely with Weekly Buy 1 at $4,365, creating an important high-probability mean-reversion support zone.

Gold has already registered a low of $4,365.5, confirming that buyers are responding to this level. Below this area, Daily Buy 2 at $4,322 and Weekly Buy 2 at $4,293 represent the next major downside objectives.