Gold Futures Today by tradeCompass – Key Levels & Trade Plan
Gold Price Analysis – Current Market Context
- Gold Futures (GC – Contract in Front) Price: $2,993.3
- Intraday Change: -0.26% from Friday’s close
- tradeCompass Bias: Bearish below $3,001.5, Bullish above it
- Market Outlook: Currently in intraday bearish territory, with key price levels guiding potential trade decisions.
Bearish Trade Plan for Gold – Key Levels for Short Sellers
Gold futures are trading below $3,001.5, confirming a bearish bias for today’s session. The focus is on strategic short entries and profit-taking levels.
Potential Short Entry Zones on Gold Futures
- $2,996.2 → Current Point of Control (POC)
- $2,997.3 → Today’s VWAP (Volume-Weighted Average Price)
- $2,995.3 → Friday’s Value Area Low (VAL)
- $2,994.2 → Thursday’s 1st lower VWAP deviation + today’s developing VAL
📌 Short Setup Consideration:
A retest and rejection between $2,994.5 – $2,997.3 could offer a favorable shorting opportunity, particularly if price fails to hold above this range.
Gold Analysis for Today: Watch the Key Price Levels
Gold Futures Bearish Profit Targets (For Partial Exits or Full Closures)
1️⃣ $2,990.5 → Thursday’s POC
- Suggested Partial Profit-Taking Zone at $2,990.8
2️⃣ $2,983.8 → Just above Friday’s 3rd lower VWAP deviation
- Deeper short target, assuming bearish continuation
3️⃣ $2,971.0 → Thursday’s VWAP close
- Final bearish profit target
- Potential buyer absorption zone → Possible reversal risk
🎯 Pro Trader Tip:
Professional traders don’t hold for a single big move; they take partial profits at key liquidity areas, securing gains while managing risk.
Bullish Trade Plan for Gold Traders – Reclaiming $3,001.5
For bullish trades, Gold futures must confirm strength above $3,001.5, invalidating today’s bearish structure.
Bullish Profit Targets (If Price Breaks Above $3,001.5)
1️⃣ $3,005.5 → Friday’s Value Area High (VAH – 1 tick below)
- First profit-taking level for bulls
2️⃣ $3,011.0 → 2nd upper VWAP deviation from Friday
- Mid-term exit point for bullish momentum
3️⃣ $3,017.4 → Just above Friday’s High & Close to 3rd VWAP Deviation
4️⃣ $3,025.0 → 3rd upper VWAP deviation from Thursday
- Final aggressive bullish target
🛑 Bullish Shift Consideration:
- A confirmed breakout requires two consecutive 30-minute candle closes above today’s VWAP ($2,997.3).
- If price pierces $2,997.3 briefly but fails to sustain above, it could be a fakeout, keeping bearish pressure intact.
Gold Futures Today – Key Market Insights
- Gold is consolidating around the psychological $3,000 level, with liquidity traps likely.
- Market Makers Favor Round Numbers → Expect price fluctuations near this zone before a decisive move.
- If short, use staged exits at key bearish targets.
- If bullish, wait for a solid reclaim of $3,001.5 before committing to longs.
- Watch VWAP ($2,997.3) closely for a possible short-term rejection or bullish flip.
🚨 Trade gold at your own risk. tradeCompass provides decision-support insights, not financial advice.
🔎 For more Gold price analysis and futures insights, visit ForexLive.com