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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

Gold Market Structure Insight

Gold has been consolidating for four days, forming a tightening triangle. A breakout may be 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.

This article was written by Itai Levitan at www.forexlive.com.

• French Finance Minister Lombard says he discussed idea of reciprocal zero tariffs with Scott Bessent, and Bessent told him this was not unrealistic.

This would be great news if we eventually get to such resolution. The market meanwhile continues to rally on positive expectations as the de-escalation remains the trend.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

UBS on Wednesday beat bottom line expectations as the lender seeks to rein in steep share declines that have cost it the crown of continental Europe’s largest bank amid sweeping U.S. tariffs.

Eurozone GDP expanded by 0.4% qoq in Q1, doubling market expectations of 0.2% and signaling a stronger-than-anticipated start to the year. Across the broader EU, GDP rose by 0.3% qoq. On a year-on-year basis, seasonally adjusted GDP grew 1.2% in the Eurozone and 1.4% in the EU, matching growth rates from the previous quarter. Ireland […]

The post Eurozone GDP beats expectation of 0.4% qoq growth, EU up 0.3% qoq appeared first on Action Forex.

China’s tech world isn’t getting distracted by whether the U.S. and China will talk on trade.

• Prior +2.1%

This article was written by Giuseppe Dellamotta at www.forexlive.com.

• Prior +0.2%
• GDP Q1 Y/Y +1.2% vs +1.1% expected
• Prior +1.2%

Economists expected an improvement due to tariff-driven frontloading after companies and consumers in the US stockpiled European goods before the tariffs started.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

The 47-year-old SPD veteran is also set to serve as vice-chancellor.

• China needs to adapt to changing situations.
• Urges measures to stabilize employment, markets and expectations.
• China to adjust economic plan based on global change.
• To promote transformation of traditional industries.
• We will study and roll out a batch of balanced and accessible policy measures for people’s livelihoods.

There’s nothing new here. Chinese officials continue to repeat the same old stuff but we haven’t really seen any strong action yet.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

The stock’s losses accelerated during Tuesday night’s earnings call.