Gold futures remained in a constructive upward trend on Wednesday, trading near $4,675 after advancing from a five-day low of approximately $4,506 to a session high of $4,755. The market is currently testing the Daily Volume-Weighted Pricing Mean (VC PMI) at $4,674, which the analysis identifies as the immediate pivot for the next directional move.
According to the VC PMI framework, a sustained break above the daily mean would favor a push toward the Daily Sell 1 level at $4,710, followed by Daily Sell 2 at $4,767. Further strength could then target the weekly resistance zones at Weekly Sell 1 ($4,788) and Weekly Sell 2 ($4,895), which the analysis flags as major upside targets and potential profit-taking areas. On the downside, a correction below the daily mean would expose primary support at Daily Buy 1 ($4,617) and Daily Buy 2 ($4,581), with the Weekly VC PMI mean near $4,583 reinforcing the $4,581–$4,583 cluster as a structural support zone. Deeper weakness could extend toward Weekly Buy 1 near $4,476.
The analysis highlights August 21 as a key cycle marker, noting that the subsequent rally to $4,755 indicates upward momentum generated within the cycle window. The current consolidation around $4,674 may represent a rebalancing phase before the next directional expansion. From a Square of 9 perspective, the $4,755 high serves as a rotational anchor, with price action around $4,710, $4,767, and $4,788 requiring monitoring for harmonic resistance and potential acceleration. A decisive breakout above $4,788 would increase the likelihood of a move toward the $4,895–$4,900 range, while failure to hold $4,674 would raise the probability of a pullback toward $4,617 and the $4,581–$4,583 support cluster.
The broader technical structure remains bullish as long as gold holds above the weekly mean. The analysis suggests that a sustained move above $4,710 would refocus attention on $4,767 and $4,788. Corrections toward $4,617 or $4,581 should be viewed as potential buying opportunities rather than signals of a trend reversal.
This analysis is provided for educational and informational purposes only and does not constitute investment advice. VC PMI, cycle analysis, and Square of 9 projections are analytical methodologies and do not guarantee future performance. Traders should independently assess risk, use appropriate position sizing, and consult qualified financial professionals when necessary.
