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Gold XAUUSD live price of $2,747
Gold XAUUSD Intraday Signals by Kohinoor Free VIP Signals
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Intraday Signal 1: BUY Gold XAUUSD
Trade Entry: 2,740 USD
Stop Loss: 2,720 USD
Take Profit 1: 2,760 USD
Take Profit 2: 2,780 USD
Intraday Signal 2: SELL Gold XAUUSD
Trade Entry: 2,755 USD
Stop Loss: 2,770 USD
Take Profit 1: 2,735 USD
Take Profit 2: 2,720 USD
⚠️ Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital. Only trade with money you can afford to lose. Not Financial Advice. Trade at your own risk. Use Proper Risk Management.
🟡 Gold XAUUSD Technical Market Analysis
Support and Resistance Levels
Weekly Timeframe:
Support: 2,725 USD
Resistance: 2,770 USD
4-hour Timeframe:
Support: 2,735 USD
Resistance: 2,765 USD
Fibonacci Retracement Levels
Using the recent swing high of 2,780 USD and the swing low of 2,720 USD:
38.2% Level: 2,750 USD
50% Level: 2,745 USD
61.8% Level: 2,740 USD
These levels suggest that a retracement to 2,745 USD could offer an excellent buying opportunity if the price consolidates above the 50% retracement level.
Exponential Moving Averages (EMA)
Weekly Timeframe:
50 EMA: 2,738 USD
100 EMA: 2,710 USD
200 EMA: 2,690 USD
400 EMA: 2,675 USD
4-hour Timeframe:
50 EMA: 2,750 USD
100 EMA: 2,740 USD
200 EMA: 2,730 USD
400 EMA: 2,720 USD
Gold remains bullish as long as the price stays above the 50 EMA on both timeframes.
RSI Divergence
The RSI on the 4-hour chart has shown bearish divergence near the 2,755 USD resistance level, indicating potential downward pressure. However, if Gold breaks above 2,755 USD, the trend may resume upward.
Order Blocks
Key buy order block sits around 2,725 USD, offering a strong support zone for traders. A break below this could signal more downside momentum.
MACD Analysis
On the Weekly chart, the MACD remains bullish, with the signal line staying above zero. This suggests that the upward momentum could continue, especially if the price holds above the key 2,740 USD level.
Weekly and Daily Pivots
Weekly Pivot Levels:
Pivot Point: 2,748 USD
Resistance 1: 2,770 USD
Support 1: 2,725 USD
Weekly Pivot Levels:
Pivot Point: 2,750 USD
Resistance 1: 2,765 USD
Support 1: 2,735 USD
Fundamental Analysis and USD News
Key events to watch include US GDP growth rate data and FOMC statements in the upcoming week. With the Fed indicating the potential for rate hikes, Gold could face increased volatility. This will impact the strength of the USD, making Gold prices more reactive to any hints of policy changes.
💡 Gold XAUUSD Weekly Analysis Summary by Kohinoor Free VIP Signals
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Key Levels:
Weekly Support: 2,725 USD
Weekly Resistance: 2,770 USD
4-hour Support: 2,735 USD
4-hour Resistance: 2,765 USD
EMA Levels:
Weekly 50 EMA: 2,738 USD
4-hour 50 EMA: 2,750 USD
Pivot Points:
Weekly Pivot: 2,748 USD
Daily Pivot: 2,750 USD
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. Learn more here: Free Gold Forex Trading Ebooks.
2.Which brokers are trusted for Gold Forex Crypto trading? Trusted brokers include:
3.How do Gold prices relate to USD news? Gold often moves in the opposite direction of the USD. When key news like US GDP or interest rates are released, they can significantly impact Gold prices.
4.What is the best time to trade Gold XAUUSD?
The most volatile periods for Gold trading are during the London and New York sessions, between 12:00 PM and 5:00 PM GMT.
5.How can I use TradingView for XAUUSD analysis?
TradingView offers comprehensive tools for XAUUSD analysis like customizable charts, technical indicators (Fibonacci, RSI, MACD), and real-time price updates for effective trading decisions.
6.What is the best XAUUSD trading chart setup?
An ideal XAUUSD trading chart includes key indicators like EMA (50/100/200), Fibonacci retracement, and RSI divergence to spot accurate trade entry and exit points.
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