have entered a strong upside momentum phase, trading near 4,317 after advancing sharply from the recent 4,074 low. The 15-minute chart shows price decisively moving through several important VC PMI resistance levels, confirming that buyers have regained short-term control.
VC PMI Analysis
The VC PMI Daily Mean at 4,252 is now the principal short-term pivot. With gold trading above this mean, the VC PMI structure favors buying corrections rather than aggressively selling strength. The market has already penetrated the Weekly Sell 2 level at 4,240, transforming the 4,240–4,252 area into an important support zone.
Above the market, Daily Sell 1 at 4,381 represents the next major statistical objective. A sustained breakout and close above 4,381 would expose Daily Sell 2 at 4,458, potentially accelerating the bullish trend toward the 4,450–4,500 region.
On a correction, watch 4,252 and 4,240 first. A deeper decline could test Weekly Sell 1 at 4,173 / Daily Buy 1 at 4,175. Major lower support remains at the Weekly Mean of 4,114, followed by Daily Buy 2 at 4,046, Weekly Buy 1 at 4,047 and Weekly Buy 2 at 3,988.
Cycle Dates & Square of 9
The powerful advance from 4,074 suggests gold may be transitioning from a completed short-term cycle low into an expanding bullish cycle. The August 5–8 window should be watched for confirmation or temporary exhaustion following the vertical advance. The next important cycle windows occur approximately August 19–22 and into the early-September 30-day cycle window.
From a Gann Square of 9 perspective, the 4,300 region is psychologically and geometrically significant. Price behavior around 4,320–4,381 should determine whether the current move consolidates or develops into another acceleration phase. A breakout through 4,381 strengthens the probability of testing the upper Square-of-9/VC PMI resistance cluster approaching 4,458–4,500.
Outlook
The primary trend remains bullish above 4,240–4,252. Traders should avoid chasing a nearly vertical advance and instead monitor controlled corrections into VC PMI support. Holding 4,252 favors 4,381, followed by 4,458. A failure below 4,240 would increase the probability of a retracement toward 4,175.
Disclosure: This analysis is for educational and informational purposes only and is not investment advice or a recommendation to buy or sell futures, options, securities, or precious metals. Futures trading involves substantial risk and is not suitable for all investors. VC PMI, cycle analysis, and Square of 9 projections are probability-based methodologies and do not guarantee future results. Past performance is not indicative of future performance.
