U.S. futures steady; Trump-Xi phone call expected - what’s moving markets
The gold market is currently testing critical levels that align across multiple technical frameworks. With /GC trading at 3,679, price action is sitting directly on the VC PMI Weekly Mean at 3,674, a level that often determines whether momentum favors the bulls or the bears. This alignment with the daily structure creates a convergence zone of high probability for mean reversion setups.
From the VC PMI Daily levels, the market rejected the upper extreme at 3,744, falling back below the daily pivot at 3,701. The next reversion magnet lies in the support band between 3,659 (Buy 1 Daily) and 3,637 (Buy 2 Daily). This is a zone where buyers are expected to reemerge, provided the market does not decisively break lower. On the upside, resistance remains firm at 3,723 (Sell 1) and 3,765 (Sell 2). The balance of probability favors tactical trades toward the mean when price enters these extremes.
Overlaying Gann’s 30-day cycle, the market is approaching a minor timing window into September 28, which often acts as a short-term pivot in trend. Historically, these 30-day intervals produce acceleration either in the direction of trend continuation or sharp reversals. When combined with the 360-day super cycle, which projects major turning points into mid-November 2025, the current market structure suggests we are building into a critical period where long-term trend validation will occur.
Using the Square of 9 harmonics, the recent high at 3,744 corresponds to a 90-degree offset from the 3,700 base, creating resistance symmetry. Meanwhile, the 3,637–3,659 zone falls into a 180-degree alignment from the July lows, reinforcing its importance as support. The market is thus oscillating within a highly harmonic range where probability analysis favors contrarian positioning.
The MACD momentum oscillator reinforces this interpretation. Despite a positive reading, the histogram remains negative, signaling decelerating upside momentum. This divergence is consistent with reversionary trading opportunities rather than trending conditions. Traders should prepare for sharp, two-sided price action, particularly as volatility compresses around these cycle dates.
In summary, the convergence of VC PMI levels, Gann cycle dates, and Square of 9 harmonics suggests gold is entering a decision zone. Holding above 3,637–3,659 favors a mean reversion back toward 3,701–3,723, while a decisive break under this support risks extending toward the 3,600–3,580 region. With the 30-day and 360-day cycles approaching, traders should stay alert: the next 10 days may define the trajectory into year-end.
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