$XAU
Futures gold contracts closed near the 4,390.20 level after falling by 1.10%, leaving the price below the VC PMI daily moving average at 4,436 and the weekly average at 4,455. The market is currently testing the Daily Buy 1 level at 4,384, where the VC PMI indicator defines a rebound area with a high probability.
If the price manages to recover and sustain stability above 4,436, it will neutralize immediate downside pressure and target the 4,455 level, followed by Daily Sell 1 at 4,492. Above this level, Daily Sell 2 at 4,544 and Weekly Sell 1 at 4,581 become the main targets. Weekly Sell 2 remains at 4,685.
Futures gold contracts closed near the 4,390.20 level after falling by 1.10%, leaving the price below the VC PMI daily moving average at 4,436 and the weekly average at 4,455. The market is currently testing the Daily Buy 1 level at 4,384, where the VC PMI indicator defines a rebound area with a high probability.
If the price manages to recover and sustain stability above 4,436, it will neutralize immediate downside pressure and target the 4,455 level, followed by Daily Sell 1 at 4,492. Above this level, Daily Sell 2 at 4,544 and Weekly Sell 1 at 4,581 become the main targets. Weekly Sell 2 remains at 4,685.