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The current live market price of $2,669
📊 Intraday Trading Signals for XAUUSD
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Signal 1: Buy Trade
Entry: $2,672
Stop Loss: $2,660
Take Profit 1: $2,680
Take Profit 2: $2,692
Signal 2: Sell Trade
Entry: $2,666
Stop Loss: $2,676
Take Profit 1: $2,655
Take Profit 2: $2,642
📉 Risk Warning: Trading Forex and CFDs carries a high level of risk. Please ensure you fully understand the risks involved and seek independent advice. Not Financial Advice.
🔍 Comprehensive Gold Market Analysis
Daily & 4-Hour Technical Overview
In today’s analysis, we dive into the daily and 4-hour timeframes to reveal key levels and trends using essential indicators.
Key Support & Resistance Levels
Daily Time Frame
Support Levels: $2,660, $2,655
Resistance Levels: $2,680, $2,692
4-Hour Time Frame
Support Levels: $2,664, $2,658
Resistance Levels: $2,675, $2,685
Fibonacci Retracement Levels
Today's Fibonacci retracement levels, based on recent price swings, are essential for detecting potential reversal zones:
38.2% Level: $2,662
50.0% Level: $2,669
61.8% Level: $2,676
EMA (Exponential Moving Averages)
Daily Time Frame
50 EMA: $2,658
100 EMA: $2,665
200 EMA: $2,678
400 EMA: $2,690
4-Hour Time Frame
50 EMA: $2,662
100 EMA: $2,670
200 EMA: $2,680
400 EMA: $2,695
RSI Divergence
Daily RSI Level: Bullish divergence around 48, indicating potential upward momentum from support.
4-Hour RSI Level: Neutral at 50, suggesting price is near equilibrium, awaiting breakout or breakdown.
Order Blocks & Smart Money Concepts (SMC)
Bullish Order Block: Formed near $2,660 on the 4-hour chart
Bearish Order Block: Seen around $2,690 on the daily chart
MACD Insights
The MACD line and signal line on the daily chart reveal a potential bullish crossover, suggesting further upward momentum. On the 4-hour chart, MACD shows early signs of positive divergence, supporting intraday buy trades.
📈 Fundamental Analysis: Upcoming USD News
This week, the release of US CPI Data and Retail Sales figures are expected to have significant impacts on the Gold market. A higher CPI may bolster the USD, potentially placing pressure on Gold prices as traders anticipate potential rate adjustments.
💡 Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals https://www.freevipforexgoldsignals.com
🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals
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Key Levels Recap:
Daily Support & Resistance: $2,660 - $2,692
4-Hour Support & Resistance: $2,664 - $2,685
Daily EMA Levels: 50 EMA ($2,658), 100 EMA ($2,665), 200 EMA ($2,678), 400 EMA ($2,690)
4-Hour EMA Levels: 50 EMA ($2,662), 100 EMA ($2,670), 200 EMA ($2,680), 400 EMA ($2,695)
Weekly Pivots: R1 ($2,682), S1 ($2,660), Pivot ($2,670)
Daily Pivots: R1 ($2,675), S1 ($2,662), Pivot ($2,668)
Fibonacci Levels: 38.2% ($2,662), 50% ($2,669), 61.8% ($2,676)
📑 FAQs
1.Why is Kohinoor Free VIP Signals the best signal provider?
Kohinoor Free VIP Signals delivers top-tier, FREE signals alongside daily analysis and a variety of educational resources, including ebooks.
💎 Free Gold Forex Trading Ebooks: Kohinoor Free VIP Signals Ebooks💡 Kohinoor Free VIP Signals Education Articles & Blog: Explore Here
2.Which brokers are trusted for Gold Forex Crypto trading?
Based on client feedback, we recommend the following brokers for Gold and Forex trading:
3.What is a good strategy for trading Gold intraday?
Utilizing Fibonacci levels, EMA crossovers, and RSI divergences provides strong signals for intraday trading in volatile markets like Gold.
4.How do order blocks impact Gold prices?
Order blocks indicate institutional interest; watching for price reactions to order blocks helps traders predict reversals.
5.Is Gold a safe investment during global economic uncertainty?
Gold often acts as a safe-haven asset during economic downturns, but its value is also subject to market volatility.
6.What are the benefits of using EMA in Gold trading?
EMA helps identify trend strength and potential reversal points, aiding traders in making informed trade entries and exits.
7.How do US economic reports affect Gold prices?
Positive USD data often pressures Gold prices lower, while weaker data typically supports higher Gold prices as investors seek safe-haven assets.
8.What is RSI divergence, and how is it used in Gold trading?
RSI divergence reveals potential reversals when the RSI indicator disagrees with price action, often signaling shifts in market momentum.
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