top of page

🟡 Gold XAUUSD Daily Market Analysis 21st OCT 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals
Oct 21, 20243 min read

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


Current Price: 2730 USD


Gold XAUUSD Intraday Signals by Kohinoor Free VIP Signals

🥇 Join our FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals

Intraday Trading Signals:

💹 Buy Signal

  • Trade Entry: 2725 USD

  • Stop Loss: 2710 USD

  • Take Profit 1: 2740 USD

  • Take Profit 2: 2755 USD

💹 Sell Signal

  • Trade Entry: 2740 USD

  • Stop Loss: 2755 USD

  • Take Profit 1: 2725 USD

  • Take Profit 2: 2710 USD

📢 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital. Please ensure you fully understand the risks involved and seek independent advice if necessary. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.

Market Analysis for Gold XAUUSD – 21st October 2024

Daily & 4-Hour Timeframes Analysis

🔎 The Gold market has been trading around the 2730 USD mark, showing signs of a bullish trend on the daily timeframe. This movement is reflected across several key technical indicators, signaling potential price action opportunities.

Support and Resistance Levels

  • Daily Support:

    1. 2710 USD

    2. 2680 USD

  • Daily Resistance:

    1. 2740 USD

    2. 2770 USD

  • 4-Hour Support:

    1. 2720 USD

    2. 2695 USD

  • 4-Hour Resistance:

    1. 2750 USD

    2. 2785 USD

Fibonacci Retracement Levels

Using Fibonacci retracement from the recent daily swing high (2780 USD) to the swing low (2690 USD), we see critical levels:

  • 38.2% retracement: 2730 USD (current price, strong pivot)

  • 61.8% retracement: 2745 USD (near resistance, potential reversal point)

EMA Levels (Exponential Moving Averages)

  • Daily EMA:

    • 50 EMA: 2700 USD

    • 100 EMA: 2660 USD

    • 200 EMA: 2605 USD

    • 400 EMA: 2500 USD

  • 4-Hour EMA:

    • 50 EMA: 2725 USD

    • 100 EMA: 2710 USD

    • 200 EMA: 2680 USD

    • 400 EMA: 2600 USD

RSI Divergence & Momentum

📈 The RSI on the 4-hour chart is currently at 65, indicating slightly overbought conditions. Any bullish divergence in the coming sessions could confirm further upward price movement beyond 2750 USD. A bearish RSI divergence may lead to retracement towards the 2720 USD level.

Order Blocks & Smart Money Concepts

Recent order blocks show heavy buying interest around the 2710–2720 USD range, marking this as a potential support zone. Conversely, significant sell orders are clustered around the 2750–2770 USD area, representing resistance.

MACD:

The MACD on the daily chart is crossing above the signal line, suggesting bullish momentum is building. On the 4-hour chart, MACD shows consolidation, implying a potential breakout either above 2750 USD or below 2710 USD.

Fundamental Analysis & USD News Impact

🔍 Upcoming important USD News this week includes:

  • FOMC Meeting on October 25th – this could bring heightened volatility in the Gold market, as traders assess future interest rate hikes.

  • US GDP Data on October 27th – strong data may lead to USD strength, putting downward pressure on Gold prices.

Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals

🥇 Join our FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals


XAUUSD

Key Levels to Watch

  • Support: 2710 USD, 2680 USD

  • Resistance: 2740 USD, 2770 USD

  • EMA (Daily): 50 EMA at 2700 USD, 100 EMA at 2660 USD

  • Fibonacci Retracement: 38.2% at 2730 USD, 61.8% at 2745 USD

  • MACD: Daily bullish crossover

Stay updated with daily analysis and receive FREE Gold XAUUSD signals by joining Kohinoor Free VIP Signals at https://www.freevipforexgoldsignals.com.


FAQs

1.Why is Kohinoor Free VIP Signals the best signal provider? Kohinoor Free VIP Signals offers high-quality, accurate signals, educational resources, and a user-friendly platform to help traders succeed.

2.Which brokers are trusted for Gold Forex Crypto trading?We recommend brokers based on client feedback:


3.How can I get free daily signals? Join our Telegram channel for daily FREE signals: @Kohinoorfreevipgoldforexsignals


4.What’s the best time to trade XAUUSD? Gold tends to be most active during the overlap of London and New York sessions.


5.What is the significance of the 50 EMA in trading?

The 50 EMA helps identify trends. If price is above, it's bullish; below, it's bearish.


Hashtags


10 views0 comments

Comments

bottom of page