💬 WhatsApp Kohinoor Free VIP Signals https://www.freevipforexgoldsignals.com for FREE Gold Forex Live Trade Setups & Market Analysis. Gold Current Price: 2644 USD
📊 Intraday Signals – Gold XAUUSD
🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals
1️⃣ Buy Signal:
Trade Entry: 2640 USD
Stop Loss: 2625 USD
Take Profit 1: 2655 USD
Take Profit 2: 2670 USD
2️⃣ Sell Signal:
Trade Entry: 2650 USD
Stop Loss: 2665 USD
Take Profit 1: 2635 USD
Take Profit 2: 2620 USD
📌 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.
🔍 Gold XAUUSD Technical Market Analysis
Daily & 4-Hour Timeframes Overview
The Gold market is experiencing steady movements, with significant support and resistance levels providing guidance for intraday traders. Based on today's live price of 2644 USD, the following key technical insights apply:
Support & Resistance Levels
Daily Support Levels:2630 USD (Strong)2615 USD (Weak)
Daily Resistance Levels:2660 USD (Strong)2675 USD (Weak)
4-Hour Support Levels:2635 USD (Moderate)2620 USD (Weak)
4-Hour Resistance Levels:2655 USD (Moderate)2665 USD (Strong)
Fibonacci Retracement Levels
The Fibonacci retracement on the daily timeframe shows a 61.8% retracement at 2630 USD and a 38.2% level near 2655 USD. This provides potential areas for price reversals or pullbacks.
Exponential Moving Averages (EMA) Analysis
Daily EMA Levels:EMA 50: 2638 USDEMA 100: 2625 USDEMA 200: 2610 USDEMA 400: 2580 USD
4-Hour EMA Levels:EMA 50: 2642 USDEMA 100: 2630 USDEMA 200: 2620 USDEMA 400: 2595 USD
RSI Divergence
On the 4-hour chart, we observe RSI divergence as the price rises to the 2650 resistance level while RSI weakens, suggesting a possible downside movement if resistance holds.
Order Blocks
Key bullish order blocks were established around 2630 USD on the daily chart, while bearish order blocks are visible near 2665 USD, making these areas crucial for short-term trades.
MACD Analysis
The MACD on the daily timeframe is showing a bullish crossover, with the MACD line crossing above the signal line. This suggests a potential bullish momentum for Gold in the short term.
💡 Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals
🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals
Key Levels to Watch
Daily Support & Resistance Levels:
Support: 2630 USD, 2615 USD
Resistance: 2660 USD, 2675 USD
EMA Levels (Daily):EMA 50: 2638 USDEMA 100: 2625 USDEMA 200: 2610 USDEMA 400: 2580 USD
EMA Levels (4-Hour):EMA 50: 2642 USDEMA 100: 2630 USDEMA 200: 2620 USDEMA 400: 2595 USD
Fibonacci Retracement Levels:61.8% - 2630 USD38.2% - 2655 USD
📰 Fundamental Analysis & USD News
This week’s most important USD news includes the U.S. Federal Reserve's interest rate decision on October 18, which is expected to impact the Gold market significantly. A hawkish stance from the Fed could increase the strength of the USD, pushing Gold prices down as it typically has an inverse correlation to the dollar. Be prepared for volatility around this event.
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