Gold: Near-Term Support at $3,670 Sparks Speculation of a Possible Bounce

Published 15/09/2025, 06:06
Updated 15/09/2025, 08:20

Gold (/GC) is rotating around 3680 after printing a 3715 swing high, with price oscillating on the north side of the VC PMI Daily ~3672 and close to the VC PMI Weekly ~3674. That keeps the near-term bias modestly constructive as long as the market defends the pivot band at 3670–3674.

The 30-day Gann cycle, our dominant trading rhythm, is entering its vibration window: after the early-week dip toward 3622, price reverted to the mean and is attempting a right-translated push. In this phase, the path of least resistance is a probe toward overhead VC PMI targets—Sell 1 Daily 3699 and Sell 2 Daily 3712–3715—provided we continue to hold above the daily pivot.

Gold 5-Day and 15-Minute Chart

The Square of 9 adds price-time geometry to this map. Quarter turns (≈90°) from the recent Buy 1 Weekly 3634 project a resistance cluster in the 3695–3705 zone, while the next spiral step (≈120–135°) overlaps 3712–3727 (Sell 2 / prior high / Sell 1 Weekly 3727).

This confluence explains why rallies are stalling on first touch: it’s not just linear resistance; it’s angular resistance in price-time. A sustained settlement above 3699 would signal a clean rotation through that 90° gate and open the higher Square-of-9 arc toward 3712–3727.

GC Chart

Below, the mean-reversion rungs are well-defined. First, the VC PMI Daily 3670 band; then Fibonacci and VC supports stack at 38.2% 3660.7, Buy 2 Daily 3654, and 50% 3643.8. Deeper pullbacks target Buy 1 Weekly 3634, with extension risk to 61.8% 3626.9 and the prior swing 3621–3622. In cycle terms, a decisive close back under 3670 would indicate the 30-day vibration has peaked, and the market is rotating into its counter-trend leg toward the lower arcs.

The 360-day Gann cycle—our macro compass—remains in an advancing phase, and its current arc aligns with resistance sitting slightly above the spot. That broader tailwind argues that failures into the 3654–3634 zone are more likely to resolve via reversion to the mean than cascade breakdown, unless 3626 gives way on expanding volume.

Gold Linear Chart

Tactically: while 3670–3674 holds, favor buy-the-dip setups back to the mean with scale-outs into 3699 and runners for 3712–3727. If rejected at 3699, lean on a controlled fade back to the pivot, watching MACD’s curl toward the zero line for confirmation. Lose 3670 on a closing basis and shift to defensive posture, working the 3654 → 3644 → 3634 ladder until the next cycle turn reasserts the up-arc.

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