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🟡 Gold XAUUSD Daily Market Analysis 29th Oct 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals

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


The live Gold XAUUSD price is 2753 USD


📊 Gold XAUUSD Intraday Signals by Kohinoor Free VIP Signals

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals

🛒 Buy Signal

  • Trade Entry: 2745 USD

  • Stop Loss: 2735 USD

  • Take Profit 1: 2765 USD

  • Take Profit 2: 2780 USD

🛑 Sell Signal

  • Trade Entry: 2765 USD

  • Stop Loss: 2780 USD

  • Take Profit 1: 2750 USD

  • Take Profit 2: 2735 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. Always use strict stop losses and proper risk management.

🔍 Gold XAUUSD Technical Market Analysis

📅 Daily Time Frame Analysis

Support and Resistance Levels

On the daily chart, Gold XAUUSD is hovering near significant support and resistance levels:

  • Support Levels:

    • 2740 USD

    • 2720 USD

  • Resistance Levels:

    • 2765 USD

    • 2785 USD

These levels are calculated using the daily Fibonacci retracement levels and key pivot zones. The 50% retracement level coincides with 2745 USD, making it a critical zone to watch for potential price reversals.

Exponential Moving Averages (EMA)

We analyzed the 50/100/200/400 EMAs on the daily timeframe:

  • 50 EMA: 2732 USD

  • 100 EMA: 2705 USD

  • 200 EMA: 2658 USD

  • 400 EMA: 2610 USD

These EMAs suggest a bullish trend, with the price currently above the 50 EMA. The confluence of the 50 EMA at 2732 USD and strong support suggests that any dip toward this zone might see buyers stepping in.


RSI Divergence

The RSI on the daily timeframe shows potential bullish divergence. RSI levels around 42 indicate oversold conditions, and this supports a possible upward move towards resistance at 2765 USD.


Order Blocks

A key order block has formed around 2720 USD on the daily timeframe. This area may act as strong support, providing buying opportunities if the price retraces.


MACD

The MACD on the daily chart shows a narrowing gap between the signal line and the MACD line, hinting at possible bullish momentum building up in the coming days.


⏳ 4-Hour Time Frame Analysis

Support and Resistance Levels

On the 4-hour chart, the support and resistance levels are as follows:

  • Support Levels:

    • 2735 USD

    • 2725 USD

  • Resistance Levels:

    • 2755 USD

    • 2770 USD

These shorter-term levels help intraday traders capitalize on smaller price fluctuations.

Exponential Moving Averages (EMA)

For the 4-hour timeframe:

  • 50 EMA: 2740 USD

  • 100 EMA: 2730 USD

  • 200 EMA: 2715 USD

  • 400 EMA: 2700 USD

The price is holding above the 50 EMA at 2740 USD, signaling near-term bullish sentiment. If the price stays above this level, further gains toward 2755 USD could be expected.


Fibonacci Retracement Levels

Key Fibonacci retracement levels on the 4-hour chart:

  • 38.2% Retracement Level: 2745 USD

  • 61.8% Retracement Level: 2735 USD

A break above 2745 USD could signal the start of a bullish move toward 2755 USD, while a drop below 2735 USD may lead to further downside.


Weekly and Daily Pivots

  • Weekly Pivots:

    • Pivot: 2745 USD

    • Resistance 1: 2760 USD

    • Support 1: 2730 USD

  • Daily Pivots:

    • Pivot: 2740 USD

    • Resistance 1: 2755 USD

    • Support 1: 2735 USD

📈 Smart Money Concepts (SMC)

Gold XAUUSD exhibits a bullish market structure on both the daily and 4-hour charts. Institutional levels indicate accumulation between 2720 USD and 2745 USD, signaling potential for upside moves.

📅 Fundamental Analysis: USD News Impact

The upcoming Non-Farm Payrolls (NFP) report, expected this week, could cause volatility in the Gold market. Historically, strong NFP data boosts the US Dollar, putting pressure on Gold prices. Keep an eye on the NFP report as it may trigger moves below the 2740 USD support or test the 2780 USD resistance.

💡Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals


XAUUSD

Key Levels:

  • Daily Support: 2740 USD, 2720 USD

  • Daily Resistance: 2765 USD, 2785 USD

  • EMA Levels (Daily):

    • 50 EMA: 2732 USD

    • 100 EMA: 2705 USD

    • 200 EMA: 2658 USD

    • 400 EMA: 2610 USD

  • EMA Levels (4hr):

    • 50 EMA: 2740 USD

    • 100 EMA: 2730 USD

    • 200 EMA: 2715 USD

    • 400 EMA: 2700 USD

  • Weekly Pivots:

    • Pivot: 2745 USD

    • Resistance: 2760 USD

    • Support: 2730 USD

  • Daily Pivots:

    • Pivot: 2740 USD

    • Resistance: 2755 USD

    • Support: 2735 USD

FAQs

1.Why is Kohinoor Free VIP Signals the best signal provider?Kohinoor Free VIP Signals offers top-quality FREE signals, educational resources, and ebooks for traders. Learn more: https://www.freevipforexgoldsignals.com/about-kohinoor-vip-signals


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

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3.Where can I find reliable XAUUSD analysis on TradingView?

You can find reliable XAUUSD analysis on TradingView by following experienced traders who use indicators like Fibonacci, EMA, and MACD to forecast gold price movements.


4.How can I stay updated on XAUUSD market analysis?

Stay updated on XAUUSD market analysis by subscribing to trusted signal providers like Kohinoor Free VIP Signals and using tools like TradingView for real-time analysis.


5.What indicators are best for XAUUSD analysis on TradingView?

The best indicators for XAUUSD analysis on TradingView include Fibonacci retracement levels, EMA, RSI divergence, and MACD for precise market predictions.


6.How does XAUUSD market analysis impact trading decisions?XAUUSD market analysis helps traders identify key support and resistance levels, trend direction, and potential trade setups, leading to more informed trading decisions.



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