Gold Futures Analysis for Today – TradeCompass

Current Price of Gold Futures, at the time of this analysis: 3,316
Market Context: Gold is hovering just above today’s and yesterday’s Value Area Low, and just beneath a cluster of key levels—including the VWAPs of April 27th and 28th (both at 3,317). This confluence is acting as a battle zone between bulls and bears.

While this type of setup would often favor a long entry, order flow and price behavior are showing more bearish signs. Earlier fake-outs of bullish momentum have failed, and there is no strong buyer response at these levels.

TradeCompass Bearish Bias (Activated)

  • Bearish Threshold: 3,321.5 (Today’s VWAP)
    Price is already in the bearish zone below this level. Traders may consider shorts between 3,316 and 3,321, based on their discretion and risk appetite.

  • Ideal Entry Option:
    Short around 3,320.5 (April 25th VAH),
    Stop Loss: 3,328
    If the stop feels too wide, consider reducing size or trading micro contracts.

Bearish Profit Targets for Gold Futures Today:

  1. 3,305.7 – Above April 25th POC

  2. 3,301.9 – Second leg

  3. 3,295.5 – 1st lower VWAP deviation from April 28th

  4. 3,282.6 – Above April 28th and April 23rd VAL

  5. 3,244 – Swing target (possibly beyond today)

  6. 3,238 – Additional longer-term support zone

tradeCompass Bullish Contingency Plan

The TradeCompass protects traders by signaling when a bullish reversal could invalidate the short setup.

  • Bullish Threshold: 3,329
    This level sits above today’s developing VAH and yesterday’s POC.
    It’s under heavier resistance at 3,330 - 3,332.6.

  • More Confirmation:
    For greater confidence in bullish direction, look for two consecutive 30-min closes above 3,333.

Bullish Profit Targets for Gold Futures Today:

  1. 3,339.2

  2. 3,343 – VWAP of April 24

  3. 3,352.3 – Just below April 24 VAH

  4. 3,421.9 – Below April 22 VAL (swing target)

  5. 3,440 – Not yet tested this week but relevant on a breakout swing

Visual demonstrating the Gold Futures key price levels above
Visual demonstrating the Gold Futures key price levels above

Gold Market Structure Insight

Gold has been consolidating for four days, forming a tightening triangle. A breakout is imminent. This could involve a deeper push lower first (toward 3,243 - 3,238), then a sharp bullish reversal. Or, continued downside before swing bulls regain control.

tradeCompass Reminder

  • The system offers both directional bias and risk management.

  • Be open to both sides but stick to thresholds: they’re designed to protect from chasing traps.

  • Use partial profit targets and stay nimble—today’s conditions are ripe for false breakouts and stop sweeps.

Trade at your own risk. Use this tradeCompass as a decision support tool, not financial advice.

Source: Forex Live