Gold Price Analysis – Current Market Context
Gold Futures (GC - Contract in Front) Price: $2,993.3Intraday Change: -0.26% from Friday’s closetradeCompass Bias: Bearish below $3,001.5, Bullish above itMarket Outlook: Currently in intraday bearish territory, with key price levels guiding potential trade decisions.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.
1️⃣ $2,990.5 → Thursday’s POC
Suggested Partial Profit-Taking Zone at $2,990.8Deeper short target, assuming bearish continuation
3️⃣ $2,971.0 → Thursday’s VWAP close
Final bearish profit targetPotential 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.
For bullish trades, Gold futures must confirm strength above $3,001.5, invalidating today’s bearish structure.
1️⃣ $3,005.5 → Friday’s Value Area High (VAH - 1 tick below)
First profit-taking level for bullsMid-term exit point for bullish momentum
3️⃣ $3,017.4 → Just above Friday’s High & Close to 3rd VWAP Deviation
Major liquidity zoneFinal 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 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
This article was written by Itai Levitan at www.forexlive.com.Hence then, the article about gold futures analysis today was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Gold Futures Analysis Today )
Also on site :