Gold Futures Analysis Today | Forexlive

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 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.

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