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🟡 Gold XAUUSD Daily Market Analysis 2nd Dec 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals

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


Based on the live market price of Gold $2,627


Intraday Signals for Gold (XAUUSD)

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Signal 1: BUY

  • Trade Entry: $2,620

  • Stop Loss: $2,605

  • Take Profit 1: $2,635

  • Take Profit 2: $2,650

Signal 2: SELL

  • Trade Entry: $2,640

  • Stop Loss: $2,655

  • Take Profit 1: $2,625

  • Take Profit 2: $2,610

⚠️ Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital. Only trade with money you can afford to lose. This is not financial advice. Use proper risk management, set strict stop-loss orders, and take partial profits.

🔍 Gold XAUUSD Market Analysis

Daily Timeframe Overview

Gold remains bullish, holding above the $2,600 support level, with key indicators confirming strong momentum.

  • Fibonacci Retracement Levels:

    • 38.2%: $2,608

    • 50.0%: $2,593

    • 61.8%: $2,578

  • Exponential Moving Averages (EMA):

    • 50 EMA: $2,590

    • 100 EMA: $2,580

    • 200 EMA: $2,550

    • 400 EMA: $2,500

  • RSI Divergence: The RSI at 68 suggests strong bullish momentum, with potential overbought conditions approaching.

  • MACD: Positive divergence with a widening gap between the MACD line and signal line, favoring bullish momentum.

4-Hour Timeframe Insights

The 4-hour chart shows a consolidation phase, with gold trading near the upper resistance of $2,640.

  • Fibonacci Retracement Levels:

    • 23.6%: $2,635

    • 38.2%: $2,622

    • 50.0%: $2,610

  • Exponential Moving Averages (EMA):

    • 50 EMA: $2,615

    • 100 EMA: $2,600

    • 200 EMA: $2,585

    • 400 EMA: $2,570

  • Order Blocks: Key buying zones at $2,620 and selling zones at $2,640.

  • Weekly Pivots:

    • R1: $2,645

    • Pivot Point: $2,620

    • S1: $2,595

Smart Money Concepts (SMC):

Smart Money is building liquidity near $2,640, indicating a possible breakout to new highs if the level is breached.

📈 Fundamental Analysis and USD News

Gold prices today are influenced by:

  • Upcoming USD News:

    • 2nd Dec: ISM Manufacturing PMI

    • 6th Dec: Non-Farm Payrolls (NFP)

    • 12th Dec: FOMC Meeting

The market remains cautious, as strong USD data could suppress gold prices, while weaker-than-expected outcomes might drive prices higher.

💡Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals

🥇 Join our FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals

XAUUSD

  • Daily Support Levels: $2,610, $2,590

  • Daily Resistance Levels: $2,640, $2,670

  • 4-Hour Support Levels: $2,615, $2,600

  • 4-Hour Resistance Levels: $2,640, $2,655

  • Weekly Pivots: $2,645 (R1), $2,620 (Pivot), $2,595 (S1)

  • EMA Levels:

    • Daily: 50 EMA: $2,590, 100 EMA: $2,580

    • 4-Hour: 50 EMA: $2,615, 100 EMA: $2,600

FAQs

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

Kohinoor Free VIP Signals offers 95% accurate signals, FREE gold and forex analysis, and educational resources like free ebooks.


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

Trusted brokers include:

3.Is gold trading profitable for beginners?

Yes, with proper education, risk management, and signals like those from Kohinoor Free VIP Signals.


4.What is the best time to trade Gold XAUUSD?

The London and New York sessions often provide high volatility and liquidity for gold trading.


5.How can I access FREE gold trading signals?

Visit www.freevipforexgoldsignals.com and join the Telegram channel @Kohinoorfreevipgoldforexsignals.


6.What indicators are best for gold trading?

Fibonacci levels, EMAs, RSI, and MACD are highly effective for XAUUSD trading.


7.Are Kohinoor signals suitable for scalpers?

Yes, Kohinoor Free VIP Signals cater to both scalpers and intraday traders with precision entries.


8.Can I use these signals for crypto trading?

While the focus is gold and forex, the strategies can be adapted to BTCUSD and other crypto markets.



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