Hedge funds are buying these two big tech stocks while selling two rivals
Gold futures closed at $4,007.8, up $16.80 (+0.42%), as the market continues to consolidate within a narrow band between $3,935.7 and $4,043.1. The recent rebound from mid-week lows confirms that short-term buying momentum is resurfacing, supported by a firm base near the Buy 1 Weekly level ($3,950). The Variable Changing Price Momentum Indicator (VC PMI) has turned slightly bullish, showing price stabilization above key support and approaching the daily mean pivot of $4,009.
From a structural perspective, the VC PMI defines critical weekly and daily levels that guide probabilistic decision-making. The Buy 2 Weekly support lies at $3,886, forming the lower boundary of institutional accumulation, while the Sell 1 and Sell 2 Weekly targets are located at $4,114 and $4,230, respectively. On the daily frame, Buy 1 sits at $3,983, Buy 2 at $3,955, with the corresponding Sell 1 and Sell 2 levels at $4,037 and $4,063. This structure highlights a balanced but tightening range, implying that a breakout may soon develop.
Fibonacci retracement harmonics reinforce these pivot zones. The 23.6% retracement near $3,996 aligns with the daily mean, while the 38.2% retracement at $4,090 coincides with the Sell 1 Daily region, suggesting the next resistance threshold for bullish continuation. A confirmed close above this area could extend the rally toward the Sell 1 Weekly target ($4,114), marking a pivotal breakout point for the next leg higher.
Momentum readings from the MACD (14,3,3 exponential) remain positive at +1.53, with a constructive histogram that signals renewed buying interest. The earlier week’s spike in trading volume near $3,936–$3,950 underscores strong institutional demand in the lower VC PMI buy zone, confirming the market’s support base.
The short-term trading plan suggests accumulation between $3,950 and $3,996, using a protective stop below $3,886, with profit targets set at $4,037, $4,063, and $4,114. A sustained close above the daily pivot at $4,006 would confirm a transition into a bullish bias.
Cycle analysis indicates that the 30-day cycle is turning up into mid-November (around the 17th–18th), the 60-day low is due in mid-December, and the 90-day expansion cycle points to strength into January 2026. The 360-day cycle remains in a long-term accumulation phase since the September 2024 low, projecting acceleration into Q1 2026.
In summary, gold futures are positioned in a high-probability mean-reversion setup with converging Fibonacci and VC PMI signals. The path of least resistance is now upward, targeting a breakout above $4,037–$4,063 as the 30-day cycle strengthens.
TRADING DERIVATIVES, FINANCIAL INSTRUMENTS AND PRECIOUS METALS INVOLVES SIGNIFICANT RISK OF LOSS AND IS NOT SUITABLE FOR EVERYONE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.