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🟡 Gold XAUUSD Daily Market Analysis 18th NOV 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals

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Current Market Price: $2591


📊 Intraday Trade Setups for Gold XAUUSD

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals

Trade Setup 1: Sell Signal

  • Trade Entry: $2597

  • Stop Loss: $2610

  • Take Profit 1: $2575

  • Take Profit 2: $2560

  • Reason: Gold faces strong resistance near $2600, coupled with bearish RSI divergence on the 4-hour timeframe.

Trade Setup 2: Buy Signal

  • Trade Entry: $2570

  • Stop Loss: $2555

  • Take Profit 1: $2588

  • Take Profit 2: $2597

  • Reason: Support zone at $2570 aligns with the 38.2% Fibonacci retracement level on the daily chart, showing potential for a bounce.

🔴 Risk Warning: Trading Forex and CFDs involves significant risk. Only trade with capital you can afford to lose. Always apply proper risk management.


🔍 Daily & 4-Hour Market Analysis

1. Fibonacci Retracement Levels

  • Swing High: $2620

  • Swing Low: $2560

  • Key Levels:

    • 23.6%: $2590 (Resistance)

    • 38.2%: $2580 (Support)

    • 61.8%: $2570 (Critical Buy Zone)

2. Exponential Moving Averages (EMA)

Daily Timeframe:

  • 50 EMA: $2588

  • 100 EMA: $2602

  • 200 EMA: $2615

  • 400 EMA: $2640

4-Hour Timeframe:

  • 50 EMA: $2582

  • 100 EMA: $2594

  • 200 EMA: $2607

  • 400 EMA: $2633

3. Pivot Levels

Daily Pivots:

  • Pivot Point: $2586

  • Support 1: $2572

  • Resistance 1: $2599

Weekly Pivots:

  • Pivot Point: $2590

  • Support 1: $2570

  • Resistance 1: $2610

4. Indicators Overview

  • RSI Divergence: Bearish on the 4-hour chart near resistance ($2600).

  • Order Blocks: Buy orders accumulating near $2570.

  • MACD: Shows weakening bullish momentum on daily charts.

5. Fundamental Analysis

Gold’s price is influenced by the upcoming FOMC Minutes Release and US Retail Sales Data. Strong USD performance could pressure gold further, while dovish economic data may favor a bullish recovery.



💡Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals Get 60+ Free eBooks: https://www.k9investmentstrading.com/free-gold-forex-trading-ebooks


XAUUSD

Key Levels to Watch:

  • Daily Support: $2570, $2560

  • Daily Resistance: $2590, $2600

  • 4-Hour EMA Levels: $2582, $2594, $2607

  • Fibonacci Zones: $2570 (61.8%), $2590 (23.6%)

FAQs

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2. Which brokers are trusted for Gold Forex Crypto trading?

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5. What is the best way to manage trading risks?

Always use strict stop loss, follow risk management, and take partial profits.


6. How often are signals updated?

Signals are updated daily with live market analysis.


7. Are there beginner-friendly resources available?


8. What’s the best timeframe for Gold trading?

Daily and 4-hour charts provide the clearest signals for XAUUSD trading.

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