Gold futures continue to display a strong bullish monthly structure, with momentum remaining firmly upward as prices hold above the VC PMI mean at $4,761. This level acts as a key equilibrium point, and sustained trading above it is typically interpreted as a sign of institutional accumulation and ongoing trend strength.
The recent move into the $4,815–$4,820 area suggests the market is shifting from a consolidation phase into a broader expansion phase. At the same time, rising volatility is increasingly aligned with upward price continuation, supporting a bias toward further gains.
From a VC PMI perspective, the market has held above the Buy 1 level at $4,047, where historical demand typically emerges with a high probability (around 90%) of mean reversion. The fact that price has not retested this level further strengthens the bullish structure and suggests continued buyer dominance.
On the upside, the next key structural reference points are Sell 1 at $5,392 and Sell 2 at $6,106, which are viewed as extended deviation zones above the mean. As price moves closer to these areas, conditions tend to favor profit-taking rather than new long entries.
Cycle analysis also points to a favorable momentum phase extending into early to mid-April, supporting continued upside expansion in line with the recent breakout above the mean. A key cycle turning point is expected around mid-April, where the market may either accelerate toward Sell 1 or enter a period of consolidation. Looking further ahead into May–June, broader cycle structure continues to lean bullish, supporting the potential for higher highs and a sustained move toward and potentially beyond the $5,000 level.
Square of 9 geometry further supports this outlook, with key harmonic resistance emerging around the $4,950–$5,050 zone, followed by a larger expansion node near $5,392 (Sell 1). A decisive break and sustained trade above $5,050 would signal a shift into a higher-momentum geometric phase, increasing the likelihood of continuation toward upper projected levels. These price zones are interpreted as natural vibration points where both time and price align, reinforcing the probability of trend persistence.
Overall market conditions remain bullish while price holds above $4,761. The preferred strategy continues to favor buying dips rather than selling strength, as long as this structural support remains intact. A breakdown back below the mean would weaken momentum and return the market to a neutral posture.
Key levels:
- Mean (Pivot): $4,761
- Buy 1: $4,047
- Sell 1: $5,392
- Sell 2: $6,106
Sources: Patrick MontesDeOca
THE ETERNAL SOVEREIGN 
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