Gold Futures Analysis Today ...Middle East

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 $2,990.8

Deeper 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 bulls

Mid-term exit point for bullish momentum

3️⃣ $3,017.4 → Just above Friday’s High & Close to 3rd VWAP Deviation

Major liquidity zone

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 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.

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