Gold futures are currently trading at $3,268.2, indicating a bullish market outlook. They are above the VWAP of $3,264.5 and Friday’s Point of Control of $3,264.

Key bullish targets for the day include $3,273.2, $3,283.5, $3,300.8, $3,309.2, $3,319.5, and $3,328.8. A longer-term bullish target is $3,491.

Bullish And Bearish Scenarios

The scenario turns bearish if a 30-minute candle closes below $3,255. Stronger confirmation comes from two consecutive 30-minute closes below this point.

Bearish profit targets are set at $3,247.6, $3,238.5, and $3,221.5. An extended bearish target is $3,178.

TradeCompass provides guidance to identify crucial levels for gold futures. It aids traders in managing entries, exits, and profit-taking but should not be interpreted as financial advice.

It’s vital to observe market reactions at these levels for insights and refined decisions. The analysis requires conducting personal research before trading. For additional perspectives, visit ForexLive.com.

Market Momentum And Strategy

The current price sits firmly above both the volume-weighted average price and Friday’s point where most trading occurred. This suggests bulls now have short-term momentum. The higher price zone being sustained signals that the market has accepted these levels, with traders willing to transact around these highs.

Targets for further upside movement have been defined quite clearly. The next Resistance lies not far above, implying that if the price lifts just a little more, we could see a chain of momentum trades that carry the market towards the upper projected figures. On the flip side, any hesitation close to these targets would hint at a pause or shallow pullback, especially if buyers don’t show up in strength.

The warning sign for a shift in direction kicks in if a 30-minute candle drops beneath $3,255. That exact threshold becomes a line in the sand, where sustained rejection could reverse some of the recent gains. Two solid closes below this mark would imply sellers are gathering enough pressure to challenge the previous buying narrative. Below this, pressure points at $3,247.6 and further down have been marked as potential landing zones if weakness accelerates.

The larger picture forms a boxed stage of value — break above the highs and we escape higher, dip below support and the floor could slip rapidly. It’s not the time to blindly follow momentum, nor to guess reversals without chart-backed evidence. These price levels are not just numbers, they reflect where liquidity sits — where decisions are made.

We need to resist attempting to predict each candle. Instead, respond to how price behaves around these known key levels. If it hesitates, pay attention. If it moves quickly, consider what it’s breaking and where it might go. Given the wide room to either side, there could be opportunity for two-way trades — but only if timing and confirmation align.

For those trading derivative contracts tied to this market, risk-per-trade should be reviewed closely, especially around the two-tiered breakout and breakdown zones identified. Scenarios that require back-to-back 30-minute closes lend themselves well to automated systems or alert-based entries. Manual traders, though, may want to simplify things using visual cues or measured move setups once those closes occur.

With longer-term objectives reaching up near $3,491 and deeper support at $3,178, today’s sessions may narrow in on direction. We will watch price behaviour, not headlines or interpretations. Breakouts supported by volume carry more conviction. Fakes are less damaging when risk is scaled to structure, not bias.

Whether playing the short-term or setting up for swing moves, this is not the time to chase. Price is already lofty — wait for either continuation on breaks with follow-through or lean into weakness only once rejection occurs below the key support shelf.

As always, review broader factors, but let the chart lead. Market reactions matter more than predictions.

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