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Gold XAUUSD Daily Market Analysis 9th 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. Based on the current market price of 2616 USD

Gold XAUUSD Intraday Signals 🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignal

  • Entry: 2605 USD

  • Stop Loss: 2592 USD

  • Take Profit 1: 2625 USD

  • Take Profit 2: 2635 USD

Signal 2: Sell Trade

  • Entry: 2630 USD

  • Stop Loss: 2645 USD

  • Take Profit 1: 2610 USD

  • Take Profit 2: 2600 USD

⚠️ Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Please ensure you fully understand our Risk Disclosure. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.

🔍 Gold XAUUSD Market Analysis

The Gold XAUUSD market has been ranging near 2616 USD, showing signs of upcoming volatility. Here's a breakdown based on the Daily and 4-hour timeframes.

Daily Timeframe Analysis:

  • Support & Resistance Levels:

    • Support: 2595 USD

    • Resistance: 2635 USD

  • Fibonacci Retracement Levels:

    • 23.6%: 2590 USD

    • 50%: 2605 USD

    • 61.8%: 2620 USD

  • Exponential Moving Averages (EMA):

    • 50 EMA: 2585 USD

    • 100 EMA: 2600 USD

    • 200 EMA: 2625 USD

    • 400 EMA: 2640 USD

  • RSI Divergence: RSI currently shows bullish divergence, indicating a potential upward reversal near the 2605 support level.

  • Order Blocks: A strong order block is present near the 2595 USD support zone, suggesting potential buy interest.

4-Hour Timeframe Analysis:

  • Support & Resistance Levels:

    • Support: 2600 USD

    • Resistance: 2625 USD

  • EMA Levels:

    • 50 EMA: 2610 USD

    • 100 EMA: 2600 USD

    • 200 EMA: 2588 USD

    • 400 EMA: 2630 USD

  • Fibonacci Retracement Levels:

    • 23.6%: 2600 USD

    • 38.2%: 2615 USD

    • 61.8%: 2630 USD

  • MACD: Shows increasing bullish momentum, reinforcing the upward potential on the 4-hour chart.

Weekly Pivots:

  • Pivot Point: 2605 USD

  • Resistance 1: 2625 USD

  • Support 1: 2590 USD

Daily Pivots:

  • Pivot Point: 2610 USD

  • Resistance 1: 2627 USD

  • Support 1: 2592 USD

💡 Gold XAUUSD Daily Analysis Summary

XAUUSD

🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignal https://www.freevipforexgoldsignals.com


The Gold XAUUSD market is facing resistance near 2635 USD and support at 2595 USD. EMA levels on both daily and 4-hour timeframes show a potential upward movement if the price holds above 2600 USD. Fibonacci retracement levels confirm these key zones, while bullish divergence on the RSI adds to the upside potential. However, market participants should remain cautious of any sudden changes in momentum, especially with upcoming USD news.

Key Levels:

  • Daily Support: 2595 USD

  • Daily Resistance: 2635 USD

  • EMA (50/100/200/400) on Daily Timeframe: 2585, 2600, 2625, 2640 USD

  • EMA (50/100/200/400) on 4-hour Timeframe: 2610, 2600, 2588, 2630 USD

  • Weekly Pivot Point: 2605 USD

  • Daily Pivot Point: 2610 USD

📈 Fundamental Analysis & USD News Impact

This week’s focus will be on upcoming U.S. CPI inflation data and FOMC minutes, both expected to impact the Gold XAUUSD market. Rising inflation would likely push Gold higher as traders seek safe-haven assets. Be prepared for increased volatility following these events.

FAQs

1. What is a Gold trading live signal? A Gold trading live signal provides real-time buy/sell trade alerts to help traders make informed decisions in the XAUUSD market.

2. How can I get free Gold trading live signals? Join our Telegram Channel @Kohinoorfreevipgoldforexsignals for daily Gold trading live signals or visit Kohinoor Free VIP Signals.

3.What is XAUUSD Trading Central? XAUUSD Trading Central provides expert insights, technical analysis, and trading signals to help traders make informed decisions on Gold (XAUUSD) in real-time.

4.How does XAUUSD Trading Analysis work? XAUUSD Trading Analysis involves studying charts using indicators like Fibonacci, EMAs, RSI, and support and resistance levels to predict Gold price movements.

5.Why is XAUUSD popular in trading? XAUUSD is a popular trading pair as Gold is a safe-haven asset, especially during economic uncertainty, attracting traders seeking stability.

6.What tools are used for XAUUSD Trading Central analysis? XAUUSD Trading Central uses tools like Fibonacci retracements, moving averages (EMAs), RSI divergence, and pivot points to generate reliable trading signals. 7.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. 💎 Free Gold Forex Trading Ebooks: https://www.freevipforexgoldsignals.com/forex-trading-articles-level-1💡 Learn more about our free education: https://www.freevipforexgoldsignals.com/about-kohinoor-vip-signals Hashtags:


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