Gold Futures Analysis – tradeCompass Levels for Today
Gold futures are currently trading at $3,160.2, hovering right around today’s Point of Control (POC) — a key price zone where the most trading volume has occurred so far. This area often acts as a pivot and a battle zone between buyers and sellers.
Gold Futures Trade Plan and Thresholds
Bullish Threshold:
We will shift to a bullish stance only if price sustains above $3,168.5 — this level is aligned with today’s Value Area High (VAH) and would suggest buyers are taking control.
Bearish Threshold:
We will adopt a bearish bias below $3,158, which is beneath today’s POC and the first lower standard deviation of VWAP — a signal that sellers may start gaining momentum.
Profit Target Junctions
For Bears (Short Position Targets):
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$3,155.7 → Just above today’s Value Area Low (VAL).
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$3,152.1 → Near today’s session lows.
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$3,146 → In line with the third lower standard deviation of VWAP.
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$3,143.4 → Just above yesterday’s Value Area Low (YVAL).
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$3,109 → Extended target at the Value Area Low from two days ago.
For Bulls (Long Position Targets):
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$3,176.3 → Corresponding to the second upper standard deviation of VWAP.
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$3,182 → Aligns with the third upper standard deviation of VWAP.
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$3,193.7 → A significant target area beyond today’s session highs.
How to Use This Compass in Gold Futures
These levels serve as decision junctions — not rigid predictions. If the price approaches the bullish threshold but fails to sustain above, that could hint at a rejection and favor shorts. Similarly, breaking below the bearish threshold and holding opens the door for the downside targets.
Professional Tip:
Consider scaling out profits progressively at these levels rather than aiming for the final target in one move. Markets often reverse or consolidate after hitting key junctions.
Trade gold futures at your own risk. This analysis is for decision support purposes only. Always conduct your own research and risk assessment.
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This article was written by Itai Levitan at www.forexlive.com.