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🟡 Gold XAUUSD Daily Market Analysis - 13th Nov 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals
Nov 13, 20243 min read

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The Gold (XAUUSD) price stands at $2611.


Gold XAUUSD Intraday Signals by Kohinoor Free VIP Signals

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🔹 Intraday Trading Signals

1. Buy Signal

  • Trade Entry: 2605

  • Stop Loss: 2590

  • Take Profit 1: 2620

  • Take Profit 2: 2635

2. Sell Signal

  • Trade Entry: 2618

  • Stop Loss: 2633

  • Take Profit 1: 2603

  • Take Profit 2: 2590

📉 Risk Warning: Trading Forex and CFDs involves significant risk to your capital and may not suit all investors. Only trade with money you can afford to lose. Proper risk management is crucial.


📊 Gold XAUUSD Daily Market Analysis

In today’s analysis, the Gold (XAUUSD) price stands at $2611. We’ll evaluate the market using daily and 4-hour timeframes, covering key indicators like Fibonacci Retracement Levels, Exponential Moving Averages (EMA), RSI, Weekly and Daily Pivots, Order Blocks, and MACD.

Key Levels and Support & Resistance

  • Daily Support: 2595, 2605

  • Daily Resistance: 2625, 2635

  • 4-Hour Support: 2603, 2611

  • 4-Hour Resistance: 2620, 2633

📉 Fibonacci Retracement Levels

Using the recent swing levels, we see Fibonacci retracement levels shaping potential entries:

  • 23.6% Retracement: 2598

  • 38.2% Retracement: 2609

  • 50% Retracement: 2615

  • 61.8% Retracement: 2622

These levels suggest key areas for entries, supported by the broader market structure.


EMA Analysis

The 50, 100, 200, and 400 EMAs on daily and 4-hour timeframes provide additional directional clues:

  • Daily EMAs:

    • 50 EMA: 2610

    • 100 EMA: 2600

    • 200 EMA: 2592

    • 400 EMA: 2585

  • 4-Hour EMAs:

    • 50 EMA: 2612

    • 100 EMA: 2608

    • 200 EMA: 2600

    • 400 EMA: 2590

When prices align above these EMAs, it signifies a potential bullish trend, while a drop below indicates bearish sentiment.


RSI Divergence

The RSI is currently at 55 on the 4-hour timeframe, suggesting moderate buying strength. A rise above 60 could signal continued bullish momentum, while a drop below 50 may trigger sell pressure.


📉 Order Blocks

  • 4-Hour Bullish Order Block: 2605 – 2612

  • 4-Hour Bearish Order Block: 2618 – 2625

These zones provide solid guidance for entry and exit points, indicating where institutional orders may influence market movement.


MACD Indicator

MACD currently shows a bullish crossover on the daily chart, with the MACD line at 12 and the signal line at 10. This aligns with a possible upward push in price, reinforcing buy entries.

📈 Weekly and Daily Pivot Levels

  • Weekly Pivots:

    • Pivot Point: 2612

    • Resistance: 2627

    • Support: 2597

  • Daily Pivots:

    • Pivot Point: 2610

    • Resistance: 2625

    • Support: 2598

Fundamental Analysis & USD News Impact

Upcoming USD news events this week, such as U.S. Retail Sales Data and Federal Reserve Minutes, may bring volatility to the Gold market. Positive economic data could strengthen USD and lead to a potential drop in Gold, while weaker data might support a Gold price increase.



💡Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals

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XAUUSD

Summary of Key Levels

  • Daily & 4-hour Support/Resistance:

    • Support: 2605, 2603

    • Resistance: 2625, 2633

  • Daily EMAs: 50 EMA: 2610, 100 EMA: 2600, 200 EMA: 2592, 400 EMA: 2585

  • 4-Hour EMAs: 50 EMA: 2612, 100 EMA: 2608, 200 EMA: 2600, 400 EMA: 2590

  • Weekly Pivots: Pivot – 2612, Resistance – 2627, Support – 2597

  • Daily Pivots: Pivot – 2610, Resistance – 2625, Support – 2598

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6.What time frame works best for intraday trading in XAUUSD?

We recommend 15-minute and 1-hour charts, supported by daily analysis.


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