Gold futures are showing a bearish trend today, March 10, 2025. Traders should be cautious when making gold trades, as the key levels will play an important role in determining price movement.
Current Market Snapshot
Gold Futures Price: $2,917.8 (+0.13% from Friday’s close)
Key Levels to Watch:
Bearish Below: $2,919.3 (VWAP, POC, and prior key levels)
Bullish Above: $2,925.2 (Friday’s POC)
Bearish Outlook for Gold Futures
Gold futures are currently trading below crucial support levels, reinforcing the bearish sentiment for today’s trading. The key price levels to monitor are:
Value Area High: Approximately $2,922.5 (shorting opportunity)
VWAP of March 5th: $2,924.5 (another shorting zone)
If the price stays below $2,919.3, the bearish momentum is likely to continue. The downside targets for traders are:
- $2,908.3
- $2,896.6
- $2,885
- $2,833.3
A move toward $2,833.3 could signal a major decline, potentially unfolding over the course of this week.
Resistance Ahead for Bulls
Gold traders who are bullish will face a significant challenge. Resistance levels are clustered around:
$2,930 – $2,932.2 (Value Area Highs of Friday, Thursday, and Wednesday)
$2,934.8 (Value Area High of Tuesday)
For bulls, any push above $2,925.2 could indicate a shift in sentiment, but resistance near $2,930 to $2,934.8 could limit the upside potential. A clear breakout above $2,935 might open the door to $2,950, but this is not an easy path.
Bearish Targets for Traders
For those favoring a short position, there are multiple targets for partial profit-taking, including:
$2,908.3: 1st Lower Standard Deviation of VWAP (March 4)
$2,896.6: Below $2,900, near the 2nd Lower Standard Deviation of VWAP
$2,885: 3rd Lower Standard Deviation of VWAP
$2,833.3: Deep target near the Value Area High of February 3
These levels present substantial downside potential. A decline toward $2,833.3 would represent a significant move, potentially unfolding over the week.
Technical Breakdown of Gold Futures
The price has recently crossed below the red diagonal support line, signaling weakness in the market. If the price sustains below $2,900, it would strengthen the bearish case, with the next key downside target at $2,833.3.
Conclusion: Bearish Sentiment Dominates
Gold futures are currently in a bearish zone and are struggling to reclaim critical support levels. For bullish sentiment to take over, gold futures need to break above $2,925.2. However, even then, resistance around $2,930 to $2,934.8 could prevent further upward movement.
Traders looking to short gold have multiple downside targets, with $2,885 and $2,833.3 as key levels to watch. The larger technical picture continues to align with bearish momentum, making further downside moves more likely.
tradeCompass: A Flexible Decision Support Tool
tradeCompass provides traders with key price levels where market reactions may occur. It is not a rigid rule-based system but a flexible tool that allows for individual interpretation based on each trader’s strategy. By using tradeCompass, traders can better identify key levels, assess risk, and refine their strategies. However, prices should be treated as zones rather than exact reversal points, and traders should adapt their strategies accordingly.
In today’s analysis, the bearish bias remains intact below $2,919.3, with a shift toward a bullish bias above $2,925.2. Traders are advised to monitor these key levels and make informed decisions accordingly.
Bottom Line: Use tradeCompass as an orientation tool to guide your decision-making, refine your strategies, and assess risks when trading Gold Futures.
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