Gold Futures are trading at approximately 3027.7, below the bearish threshold determined by tradeCompass. Key levels indicate bullish sentiment above 3035.0 and bearish below 3031.2, with suggested confirmation methods for traders.
Current selling zones include today’s VWAP near 3027 and a developing Value Area High of around 3029.3. Profit targets for bearish trades are outlined, with the primary target set at 3023.9.
Bullish Trade Plan
A bullish trade plan is established, contingent on a breakout above 3035. Successful trades can utilise specific profit targets ranging from 3038.0 to 3063.0.
The present market position places gold futures just beneath the bearish threshold established by TradeCompass. This setup suggests that sellers maintain a degree of control unless prices reclaim higher levels. The key figures outlined—3035.0 for strength and 3031.2 for renewed downward pressure—serve as clear guides for short-term direction. When price movement aligns with one of these levels, a well-timed strategy can be executed based on confirmation methods already provided.
At this stage, selling zones are shaping up around today’s Volume Weighted Average Price, which sits near 3027, as well as a forming Value Area High hovering at approximately 3029.3. This places immediate pressure on movements from these points, creating an environment where sellers may look to reinforce positions. Should the weight of selling persist, the primary objective for downward momentum is mapped out at 3023.9. Reaching this level could provide an exit for those looking to capture short-side profits while also acting as an inflection point for future trades.
On the other hand, a sustained push beyond 3035.0 could shift sentiment, particularly if strength follows through with volume support. In such a case, bullish traders already have a structured approach, focusing on specific upside targets between 3038.0 and 3063.0. If momentum builds, these objectives present logical checkpoints where profit-taking or partial position management may come into play.
Market Consolidation
With price consolidating near sell zones while hovering below bullish confirmation levels, the coming sessions require attention to short-term reactions. Execution should be dictated by how price interacts with identified thresholds, keeping in mind both favourable entries and appropriate exits to limit risk.
