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

Kohinoor Free VIP Trading Signals
Oct 18, 20244 min read

💬 WhatsApp Kohinoor Free VIP Signals https://www.freevipforexgoldsignals.com for FREE Gold Forex Live Trade Setups & Market Analysis.


Intraday Signals (XAUUSD) https://www.freevipforexgoldsignals.com

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals


📊 Signal 1:Buy Signal: Enter at $2,705

  • Stop Loss: $2,690

  • Take Profit 1: $2,725

  • Take Profit 2: $2,735

📊 Signal 2:Sell Signal: Enter at $2,715

  • Stop Loss: $2,730

  • Take Profit 1: $2,695

  • Take Profit 2: $2,680

⚠️ 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. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.


🟢 Market Overview

Gold XAUUSD Daily and 4-hour Analysis

The current Gold price of $2,710 sees consolidation around key levels, offering strong opportunities for intraday traders. The broader trend remains bullish, with price action forming clear support and resistance zones on daily and 4-hour timeframes.


🔍 Technical Indicators Analysis

Support & Resistance Levels

  • Daily Timeframe:

    • Support: $2,685, $2,650

  • Resistance: $2,735, $2,760 4-Hour Timeframe:

    • Support: $2,700, $2,675

    • Resistance: $2,725, $2,750

Fibonacci Retracement Levels

  • Daily Swing Low: $2,655

  • Daily Swing High: $2,760

    • Key Fibonacci levels: 38.2% at $2,710, 50% at $2,708, and 61.8% at $2,690

EMA (Exponential Moving Averages)

  • Daily EMA Levels:

    • 50 EMA: $2,685

    • 100 EMA: $2,655

    • 200 EMA: $2,620

    • 400 EMA: $2,575

  • 4-Hour EMA Levels:

    • 50 EMA: $2,705

    • 100 EMA: $2,695

    • 200 EMA: $2,670

    • 400 EMA: $2,635

RSI Divergence

The RSI shows a divergence on the 4-hour chart, indicating a possible bullish reversal around the $2,700 level. Traders should monitor this level closely for entry signals.

Order Blocks

  • Daily Order Block: $2,680

  • 4-Hour Order Block: $2,690


MACD

The MACD on the daily chart is trending upwards, with a bullish crossover, indicating buying pressure. On the 4-hour chart, MACD signals a minor pullback but with potential for a continued upward trend.

Weekly and Daily Pivot Points

  • Weekly Pivots:

    • Support 1: $2,695

    • Pivot: $2,720

    • Resistance 1: $2,745

  • Daily Pivots:

    • Support 1: $2,700

    • Pivot: $2,715

    • Resistance 1: $2,730

📈 Fundamental Analysis and USD News

This week, the upcoming U.S. Initial Jobless Claims and Federal Reserve interest rate decision will heavily impact Gold XAUUSD prices. A dovish Fed stance could push Gold prices higher, while strong U.S. data might trigger a corrective move. Traders should stay alert to any updates from these key events for potential volatility in the Gold market.

💡 Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals


XAUUSD

Key Levels Summary

  • Daily Support: $2,685, $2,650

  • Daily Resistance: $2,735, $2,760

  • 4-Hour Support: $2,700, $2,675

  • 4-Hour Resistance: $2,725, $2,750

  • EMA Levels (Daily): 50 EMA - $2,685, 100 EMA - $2,655, 200 EMA - $2,620, 400 EMA - $2,575

  • EMA Levels (4-Hour): 50 EMA - $2,705, 100 EMA - $2,695, 200 EMA - $2,670, 400 EMA - $2,635

  • Weekly Pivots: Support 1: $2,695, Pivot: $2,720, Resistance 1: $2,745

  • Daily Pivots: Support 1: $2,700, Pivot: $2,715, Resistance 1: $2,730

  • Fibonacci Retracement: 38.2% at $2,710, 50% at $2,708, and 61.8% at $2,690

📑 FAQs

1.Why is Kohinoor Free VIP Signals the best signal provider? Kohinoor Free VIP Signals offers not only FREE signals but also educational resources, daily market analysis, and ebooks.

2.What is the best strategy for trading XAUUSD on Forex Factory? A good strategy for trading XAUUSD on Forex Factory includes following daily gold analysis, monitoring technical indicators like Fibonacci, EMA, and RSI, and keeping an eye on major USD news events.


3. How can I perform effective XAUUSD gold technical analysis? Effective XAUUSD gold technical analysis involves using tools such as Fibonacci retracement levels, EMA (50/100/200), and support/resistance on daily and 4hr timeframes, alongside RSI divergence and order blocks. 4. Why is technical analysis important for XAUUSD trading? Technical analysis helps traders predict future price movements by studying past price action, making it essential for identifying potential buy/sell zones for XAUUSD trades.

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