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Intraday Signals(XAUUSD)
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🚨 Signal 1 (Buy):
Entry: $2,652
Stop Loss: $2,645
Take Profit 1: $2,660
Take Profit 2: $2,670
🚨 Signal 2 (Sell):
Entry: $2,670
Stop Loss: $2,678
Take Profit 1: $2,660
Take Profit 2: $2,652
Disclaimer: Not Financial Advice. Trade at your own Risk. Take Partial Profits, Strictly Use Stop Loss, and Use Proper Risk Management.
🔍 Daily & 4-Hour Gold Market Overview
The current price of Gold (XAUUSD) is trading at $2,654, showing mixed signals as it fluctuates near key resistance and support levels. The market is in consolidation, awaiting a strong breakout influenced by upcoming USD news.
📊 Support & Resistance Levels
Daily Resistance: $2,670
Daily Support: $2,645
4-Hour Resistance: $2,665
4-Hour Support: $2,650
📉 Fibonacci Retracement Levels (Daily)
The retracement levels based on the recent high of $2,670 and low of $2,645 are as follows:
38.2%: $2,660
50.0%: $2,658
61.8%: $2,655
These levels indicate strong areas for potential price reversals, especially near $2,660 and $2,655.
📈 Exponential Moving Averages (EMA)
Daily & 4-Hour Timeframes
Daily EMA Levels:
50 EMA: $2,650
100 EMA: $2,640
200 EMA: $2,620
400 EMA: $2,590
4-Hour EMA Levels:
50 EMA: $2,655
100 EMA: $2,665
200 EMA: $2,675
400 EMA: $2,700
These EMAs suggest that Gold is trading above the 50 EMA, showing a short-term bullish bias, while the 200 and 400 EMAs on both timeframes indicate significant long-term resistance at $2,675–$2,700.
🔮 RSI Divergence and MACD Analysis
RSI (Relative Strength Index): The RSI shows slight bearish divergence on the 4-hour chart as it approaches the overbought zone (70). This could lead to short-term selling pressure around $2,670.
MACD (Moving Average Convergence Divergence): The MACD on both the daily and 4-hour charts is positive, confirming upward momentum, but the histogram shows a potential weakening of buying pressure, signaling caution.
📌 Smart Money Concepts (SMC) & Order Blocks
Bullish Order Block: $2,645
Bearish Order Block: $2,670
These levels will be critical for intraday traders. A break above $2,670 could push Gold towards the next resistance, while a break below $2,645 may result in a deeper retracement.
💡 Weekly & Daily Pivot Points
Weekly Pivots:
Resistance 1: $2,675
Pivot Point: $2,660
Support 1: $2,645
Daily Pivots:
Resistance 1: $2,665
Pivot Point: $2,655
Support 1: $2,645
These pivots offer excellent entries for both buy and sell trades, with clear stop losses below or above these points.
📅 Fundamental Analysis and USD News
Keep an eye on the upcoming U.S. Non-Farm Payrolls report and the Federal Reserve's meeting minutes later this week. Any strong USD news could drive Gold prices higher or lower, depending on the market reaction to interest rate expectations.
💡 Gold XAUUSD Daily Analysis Summary
Daily Support: $2,645
Daily Resistance: $2,670
4-Hour Support: $2,650
4-Hour Resistance: $2,665
EMA 50 (Daily): $2,650
EMA 200 (4-Hour): $2,675
Weekly Pivot: $2,660
Fibonacci 61.8%: $2,655
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3. What is Gold trading (XAUUSD)? Gold trading refers to the buying and selling of Gold contracts in the Forex market. It's an essential part of Forex trading strategies for both hedging and speculation.
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5. Is Forex trading legal in Dubai, Singapore, India, Australia, and Germany? Forex trading is legal in most of these countries, but traders should always verify the regulations before starting.
6. What is the best timeframe to trade Gold?
The 4-hour and daily timeframes are preferred for analyzing long-term trends and intraday strategies.
7. How does news impact Gold prices?
USD news, such as interest rates or employment data, greatly affects Gold prices as it's a safe-haven asset during economic uncertainty.
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Yes, diversifying your trading across different brokers helps manage risk better. Learn more about broker options here.
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