JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
The gold market is approaching a critical inflection point where time cycles, price harmonics, and mean reversion levels are aligning to form a high-probability trading window. The action over the past week has been defined by a steady decline from the August 7 high at $3,534.1 into a base-building pattern around the $3,378–$3,393 range. This area coincides with Buy 1 and Buy 2 Daily VC PMI levels and the 0% Fibonacci retracement from the recent downleg — making it a natural candidate for a reversal zone.
From a Gann time cycle perspective, today and tomorrow mark the 45° rotation from the August 7 pivot high — historically one of the most reliable short-term reversal markers. In Gann theory, a 45° time division often triggers a counter-trend move or a continuation surge, depending on the dominant trend. In this case, the market is testing its lower mean reversion boundary during this time window, increasing the probability that buyers may attempt to reclaim control.
Layering in the Square of 9 harmonics, the $3,379 anchor low projects upward resonance points at $3,423, $3,456, $3,501, and $3,551. Strikingly, these levels line up almost perfectly with the VC PMI Sell 1, Fibonacci retracements, and weekly resistance zones — reinforcing their importance as upside checkpoints should a rally unfold.
At present, the daily bias remains bearish below $3,408 (VC PMI Daily pivot), and the weekly bias remains bearish below $3,474 (VC PMI Weekly pivot). This means any rally from current levels would begin as a counter-trend mean reversion play, only transitioning to a more bullish structure if these pivots are reclaimed and held.
If the market holds above $3,378 during this 45° time pivot, there’s a strong case for a rebound into the first upside magnet at $3,408, followed by $3,423–$3,438. The next major time cycle — the 90° rotation on August 17–18 — could then serve as the window for a secondary push toward $3,474 or higher. Conversely, a breakdown below $3,378 would signal that sellers have won the time–price battle, likely targeting $3,356 or lower before the next cycle window.
In short, gold is sitting at the crossroads: the next 24–48 hours will likely define whether this week becomes the base for a reversal or the launchpad for a deeper correction. The convergence of time cycle symmetry, harmonic price targets, and VC PMI mean reversion levels makes this a zone worth monitoring with precision.
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