.png){kind=logo}
WhatsApp Kohinoor Free VIP Gold Forex and Crypto Trading Market Analysts and get Free Gold Forex live trade setups and analysis.
Current Market Price: $2654
Intraday Signals (XAUUSD):
Buy Signal: Consider initiating a long position if Gold breaks above $2665. Look for confirmation with a bullish divergence on the RSI and a breakout of resistance at $2670 (4H timeframe). Potential upside targets: $2685 (short-term) and $2700 (daily resistance).
Sell Signal: A short opportunity arises if Gold breaks below $2640. Watch for a bearish RSI divergence and price action around the 50 EMA (4H). If support at $2635 fails, the next downside target would be $2620 (Fibonacci 23.6% retracement level).
Present Gold Market Analysis
Gold (XAUUSD) continues to maintain a bullish outlook with a current live price of $2654, but we must analyze key technical indicators to gauge potential movement for intraday trading.
Fibonacci Levels:
At the moment, Gold is hovering around the 38.2% Fibonacci retracement level from its previous rally from $2600 to $2700. This zone presents strong support around $2635. If prices fail to maintain this level, a deeper retracement towards the 50% level at $2620 could be expected.
EMA ANALYSIS:
The daily chart shows the 50 EMA near $2630, acting as a dynamic support level. In addition:
The 100 EMA is aligned near $2605.
The 200 EMA is closer to $2570.
The 400 EMA stands at $2520, which is a strong longer-term support zone.
On the 4-hour chart:
The 50 EMA is at $2645, aligning well with immediate support.
The 100 EMA is at $2630.
The 200 EMA at $2600 will act as significant intraday support.
The 400 EMA on the 4-hour chart hovers near $2550.
Given that Gold is currently trading above the 50 and 100 EMAs on both daily and 4-hour charts, we remain in a bullish structure for the medium term.
RSI Divergence:
The RSI (Relative Strength Index) on the daily timeframe is showing a mild divergence, indicating potential bullish momentum if prices break above $2660. On the 4-hour chart, the RSI has crossed 55, further confirming upward momentum.
Weekly Pivots & SMC Concepts:
Gold's weekly pivot at $2650 acts as a psychological level that is in play right now. Above this level, the next key resistance is $2675. Smart Money Concepts (SMC) suggest liquidity hunts around this pivot level, so a breakout above $2665 could trigger aggressive buying towards $2700.
On the support side, if price breaks below the weekly pivot, expect a possible liquidity sweep towards $2630, with stops placed below $2620.
Support & Resistance Levels:
Daily Support: $2630, $2620, $2605
Daily Resistance: $2675, $2700
4-Hour Support: $2640, $2630
4-Hour Resistance: $2665, $2685
Key Levels
Daily Timeframe:
Support: $2630 (50 EMA), $2605 (100 EMA), $2570 (200 EMA)
Resistance: $2675, $2700
4-Hour Timeframe:
Support: $2645 (50 EMA), $2630 (100 EMA), $2600 (200 EMA)
Resistance: $2665, $2685
Frequently Asked Questions (FAQs):
1.What is a trading signal provider?
A trading signal provider gives real-time market insights and trade recommendations to help traders execute profitable trades based on technical analysis and market trends.
2.How do Forex trading signals work?
Forex signals are trade suggestions based on technical or fundamental analysis, alerting traders on optimal entry and exit points for specific trades in real-time.
3.Are gold trading signals profitable? Yes, gold trading signals can be profitable, especially when provided by experienced analysts. These signals are based on technical indicators and historical data, improving the chances of success.
4.Can I get gold trading signals for Dubai? Yes, we provide gold trading signals that are tailored to traders in Dubai, focusing on high search volume and optimal trading times for the UAE market.
5.What are the best Forex and Crypto signals providers for Singapore and India?Kohinoor Free VIP Gold Forex and Crypto Trading is one of the top providers of Forex and Crypto trading signals in Singapore and India, offering expert analysis and live trade setups.
Comments