GLOBAL TRENDS WEEKLY

Gold Market Standard Deviation Report

Date: March 3, 2025,
Prepared by: Patrick MontesDeOca
Target Audience: Gold Market Analysts, Traders, and Investors

Gold Futures (/GC) Market Analysis Report

Timeframe: 15-Minute Chart

1. Market Overview

  • Current Price: $2896.6 (+48.10 | +1.69%)
  • Opening Price: $2895.1
  • High: $2897.3
  • Low: $2894.5

Gold futures have exhibited strong upward momentum, climbing +1.69% in the latest trading session. The price movement suggests bullish sentiment, pushing the market closer to key resistance levels

2. Key Technical Levels

Resistance Zones (Sell Levels)

  • Sell 1 Daily: $2882 (Breached)
  • Sell 2 Daily: $2915
  • Sell 1 Weekly: $2934
  • Sell 2 Weekly: $3019

Support Zones (Buy Levels)

  • VC PMI Daily: $2863
  • Buy 1 Daily: $2830
  • Buy 2 Daily: $2811
  • Buy 2 Weekly: $2759

The break above $2882 suggests continued bullish momentum. However, the market faces resistance near $2915, with further upside potential toward $2934 and $3019 if momentum persists.

3. Technical Indicators

MACD (14, 3, 3, Exponential)

  • MACD Line: -6.37082
  • Signal Line: -6.21054
  • Histogram: -0.160276

The MACD remains negative, indicating that while momentum is improving, it has not fully transitioned into bullish territory. A crossover into positive values would confirm strength in the current uptrend.

4. Volume Analysis

  • Recent Low: $2844.1 (Heavy buying interest observed)
  • Increased Volume: A spike in volume aligns with the price breakout above $2863, confirming bullish interest.

Volume has surged significantly as price reclaimed higher levels, reinforcing strong market participation.

5. Trade Strategy Recommendations

Bullish Scenario

  • Entry: Above $2896, targeting $2915 – $2934
  • Stop-Loss: Below $2863
  • Profit-Taking Zones: $2915, $2934, and $3019 for extended targets

Bearish Scenario

  • Entry: If price rejects $2915, short positions targeting $2863 – $2830
  • Stop-Loss: Above $2934
  • Profit-Taking Zones: $2863, $2830, and $2811

6. Conclusion

Gold futures are currently displaying bullish momentum, breaking through key resistance levels. However, the MACD is still negative, suggesting some caution. The next key resistance at $2915 will determine whether gold continues upward or experiences a pullback.

Traders should monitor MACD crossover, volume strength, and price behavior around $2915 to confirm further bullish continuation or reversal signals.

Risk Disclaimer: Trading futures involves significant risk of loss and is not suitable for all investors. Ensure proper risk management strategies are in place before making trading decisions.