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🟡 Gold XAUUSD Daily Market Analysis 22nd NOV 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals
Nov 22, 20243 min read

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📊 Gold XAUUSD Intraday Signals by Kohinoor Free VIP Signals

🥇 Join our FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals

Signal 1:

📈 Buy Signal:

  • Trade Entry: 2680

  • Stop Loss: 2670

  • Take Profit 1: 2692

  • Take Profit 2: 2705

Signal 2:

📉 Sell Signal:

  • Trade Entry: 2698

  • Stop Loss: 2710

  • Take Profit 1: 2685

  • Take Profit 2: 2672

Disclaimer: Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and may not be suitable for all investors. Please read our Risk Disclosure.


🔍 Comprehensive Gold XAUUSD Market Analysis

Key Indicators Used:

  • Fibonacci Retracement Levels: Tracking retracements between recent swing high at 2708 and swing low at 2665.

  • EMA Levels (Daily):

    • EMA 50: 2687

    • EMA 100: 2683

    • EMA 200: 2675

    • EMA 400: 2650

  • EMA Levels (4-Hour):

    • EMA 50: 2690

    • EMA 100: 2686

    • EMA 200: 2678

    • EMA 400: 2653

  • RSI Divergence: RSI indicates a potential bullish divergence on the 4-hour chart with price testing 2680.


  • Order Blocks: Strong buy order block identified near 2665, while a sell order block forms around 2705.

  • MACD: Bullish crossover on the 4-hour chart suggests upward momentum.

🏦 Support & Resistance Levels

Daily Chart:

  • Support: 2670, 2655

  • Resistance: 2700, 2715

4-Hour Chart:

  • Support: 2680, 2665

  • Resistance: 2695, 2708

📈 Pivot Levels

Weekly Pivots:

  • Resistance 1: 2710

  • Pivot Point: 2685

  • Support 1: 2660

Daily Pivots:

  • Resistance 1: 2698

  • Pivot Point: 2685

  • Support 1: 2672

📉 Fundamental Analysis

This week’s focus is on upcoming USD economic data:

  • FOMC Meeting Minutes: Expected to provide insight into interest rate directions, which directly impact gold prices.

  • US Core PCE Index: A higher-than-expected reading could strengthen the dollar, putting pressure on gold.

💡Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals

🥇 Join our FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals

XAUUSD

Key Takeaways:

  • Gold is trading within a sideways range between 2670 and 2705, providing excellent intraday trading opportunities.

  • Fibonacci levels align with strong support and resistance zones, suggesting potential reversals.

  • EMA levels on daily and 4-hour timeframes confirm critical levels of trend strength.

  • News related to USD can shift momentum, making risk management crucial.

📑 FAQs

1.Why is Kohinoor Free VIP Signals the best signal provider?

Kohinoor Free VIP Signals delivers FREE daily signals, educational resources, and comprehensive analysis. Access free eBooks and trading blogs on our website.


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

We recommend brokers like:

3.How do I get started with FREE signals?

Visit our website and join our Telegram channel for instant access to free signals.


4.Can I learn trading from Kohinoor Free VIP Signals?

Yes! Explore our Level 1 educational videos to start your trading journey.


5.What timeframes should I use for gold trading?

Daily and 4-hour timeframes are ideal for analyzing trends and making informed trading decisions.


6.Are your signals suitable for beginners?

Absolutely! Our signals are easy to follow and include entry, stop loss, and take profit levels.


7.How does news impact Gold (XAUUSD)?

Economic news, especially USD-related, impacts gold prices significantly. Stay updated to avoid surprises.


8.Why should I use stop loss in trading?

A stop loss protects your capital by limiting potential losses. Always use strict risk management.


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