Gold futures showed bearish momentum on 10 March 2025, trading at $2,917.8, reflecting a 0.13% increase from Friday. Key levels to monitor include bearish thresholds below $2,919.3 and bullish levels above $2,925.2.
Current market indications suggest continued downside pressure, with critical support levels breached. Resistance exists between $2,930 and $2,934.8, which could limit any bullish attempts even if prices rise above $2,925.2.
Downside Targets And Selling Pressure
Traders aiming for short positions have identified downside targets, including $2,908.3 and $2,833.3, with further moves expected over the week. An order flow analysis reveals strong selling pressure and a lack of buying support, causing bearish sentiment to prevail.
This data highlights the prevailing direction in gold futures, with prices struggling to sustain gains and encountering resistance at multiple levels. The modest rise of 0.13% on 10 March 2025 does little to counteract the broader downward trend, as key price zones continue to cap any upward movement. Sellers currently dictate market action, keeping gold below levels that would indicate renewed strength.
The breach of critical support suggests that downward momentum remains intact. Buyers have shown little commitment, leaving resistance between $2,930 and $2,934.8 to act as a firm boundary against any attempted recovery. Price behaviour near this range will provide further clarity on whether selling pressure can be sustained or if buyers can regain control. Given recent order flow analysis, confidence among those expecting gains appears weak.
Market Sentiment And Future Outlook
Short-side traders have identified targets at $2,908.3 and $2,833.3, signalling that further declines are not only possible but appear likely. This aligns with broader market sentiment, where notable selling activity has emerged while buying interest remains limited. Without a shift in order flow, efforts to push beyond $2,925.2 may struggle to gain traction.
With price movement constrained by well-defined levels of support and resistance, volatility will likely persist across sessions. The lack of buying activity suggests that short positions remain viable, with recent price action supporting the case for further declines.
