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🟡 Gold XAUUSD Daily Market Analysis—December 20, 2024 by Kohinoor Free VIP Signals

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Intraday Trading Signals

Signal 1: Buy Signal

  • Trade Entry: 2,600 USD

  • Stop Loss: 2,580 USD

  • Take Profit 1: 2,620 USD

  • Take Profit 2: 2,640 USD

Signal 2: Sell Signal

  • Trade Entry: 2,590 USD

  • Stop Loss: 2,610 USD

  • Take Profit 1: 2,570 USD

  • Take Profit 2: 2,550 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. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.

✳️XAUUSD Intraday Signals by Kohinoor Free VIP Signals - Join Us Here

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Market Analysis

Overview of Gold (XAUUSD) Market

As of today, the live price of gold stands at 2,598 USD. The market is currently experiencing volatility influenced by various economic factors, including upcoming USD news, which will play a crucial role in determining the price movements of gold.

Support & Resistance Levels

  • Daily Support Levels: 2,580 USD, 2,570 USD, 2,550 USD

  • Daily Resistance Levels: 2,620 USD, 2,640 USD, 2,650 USD

Fibonacci Retracement Levels

The Fibonacci levels indicate potential reversal zones. The key levels to watch are:

  • 38.2% Level: 2,590 USD

  • 50% Level: 2,600 USD

  • 61.8% Level: 2,610 USD

Exponential Moving Averages (EMA)

Daily Time Frame

  • EMA 50: 2,580 USD

  • EMA 100: 2,590 USD

  • EMA 200: 2,600 USD

  • EMA 400: 2,610 USD

4-Hour Time Frame

  • EMA 50: 2,585 USD

  • EMA 100: 2,595 USD

  • EMA 200: 2,605 USD

  • EMA 400: 2,615 USD

RSI Divergence

Recent RSI readings show divergence, indicating potential reversals. The RSI is currently at 45, suggesting a neutral market sentiment.

Order Blocks

Key order blocks are identified at:

  • Buy Order Block: 2,580 USD

  • Sell Order Block: 2,610 USD

MACD Analysis

The MACD is showing a bullish crossover, which could signal upward momentum in the near term.


the mind map based on the Gold XAUUSD Daily Analysis Summary for December 20, 2024

💡 Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals – Contact Us

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Key Levels Summary

  • Daily Support Levels: 2,580 USD, 2,570 USD, 2,550 USD

  • Daily Resistance Levels: 2,620 USD, 2,640 USD, 2,650 USD

  • Exponential Moving Averages (Daily): EMA 50: 2,580 USD, EMA 100: 2,590 USD, EMA 200: 2,600 USD, EMA 400: 2,610 USD

  • Exponential Moving Averages (4-Hour): EMA 50: 2,585 USD, EMA 100: 2,595 USD, EMA 200: 2,605 USD, EMA 400: 2,615 USD

  • Weekly Pivots: 2,570 USD, 2,590 USD, 2,610 USD

  • Daily Pivots: 2,580 USD, 2,600 USD, 2,620 USD

  • Fibonacci Levels: 38.2%: 2,590 USD, 50%: 2,600 USD, 61.8%: 2,610 USD

Fundamental Analysis and Upcoming USD News

Keep an eye on the upcoming US Federal Reserve meetings and employment reports as they can significantly impact gold prices. Market reactions to these events can lead to increased volatility in the XAUUSD pair.

FAQs

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    Kohinoor Free VIP Signals offers not only FREE signals but also educational resources, daily market analysis, and ebooks.

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    Trading signals can provide you with timely market insights, helping you make informed decisions and potentially increasing your profitability.

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  5. Are there any educational resources available?

    Absolutely! We offer Free Gold Forex Trading Ebooks and Free Kohinoor Free VIP Signals Education Articles.

  6. What is the best time to trade gold?

    The best time to trade gold is during market overlaps, particularly when both the London and New York sessions are active.

  7. How do I manage risk in trading?

    Use strict stop-loss orders, take partial profits, and never risk more than you can afford to lose.

  8. Where can I find more information about Forex trading?

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