When we are trying to find direction, and overcome our own spiritual limitations and boundaries, we will dream of a compass.
Psychological / Emotional Perspective:
Often having the same significance as the circle, the compass can represent the source of life, or sometimes justice. Instinctively, compass directions suggest certain states of being such as north suggesting coldness and south suggesting warmth.
Everyday Material Aspects:
Dreaming of a compass is often an attempt to find a new direction or activity. We need to be able to understand the differing opportunities offered to us, and to follow the one that is right for us.
Gender / Specific Meanings:
In magical work the compass is used to help define the four most powerful directions. In both men’s and women’s dreams a compass may suggest the search for magical power.
You might like to consult the entries for Position and Map.