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"In this 5-day 15-minute chart of Gold Futures, we are witnessing the unfolding of a classic mean reversion pattern defined by both price and time symmetry. After reaching a high of $3451.7 last week, gold experienced a sharp corrective decline, bottoming out at exactly $3300 early Monday.
This low aligns not just with the Buy 1 Weekly level of $3291, but also marks the culmination of a 3-day Gann downcycle—a harmonic retracement pattern frequently seen in Gann’s Rule of Three.
From that $3300 level, gold launched a powerful reversal, surging through the Buy 1 Daily level of $3328 and slicing through the VC PMI Daily pivot at $3359, ultimately stabilizing above the VC PMI Weekly pivot of $3371—a critical confirmation of bullish momentum.
On the Square of 9, this rally from $3300 hits the 90-degree angle at around $3371, reinforcing the importance of this area as both a Gann and VC PMI pivot. The next price harmonic—180 degrees from $3300—points directly to $3441, which happens to coincide perfectly with the Sell 2 Daily level. This harmonic convergence forms a natural target zone and resistance level to watch.
Looking ahead, Gann time projections suggest a potential cycle high between July 31st and August 1st, completing a 90-degree time square from the July 1–2 low. This window could present a short-term exhaustion or reaction point, especially if gold tests the $3411–$3441 resistance band in that time frame.
Meanwhile, MACD momentum is rising, with a bullish crossover from deeply oversold conditions, confirming that this reversal has strong internal market energy behind it.
In conclusion, the $3300 low marks a significant Gann and VC PMI confluence zone, with gold now entering a new leg higher. The path appears open for a potential advance to $3441, but traders should monitor late-week price action closely for signs of cyclical resistance as we enter the next Gann time window."