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💬 WhatsApp Kohinoor Free VIP Signals here for FREE Gold Forex Live Trade Setups & Market Analysis.
Intraday Trading Signals
📈 Based on the current gold market live price of 2622 USD, here are two clear and actionable intraday trading setups:
Signal 1: Buy Setup
Trade Entry: 2625 USD
Stop Loss: 2615 USD
Take Profit 1: 2635 USD
Take Profit 2: 2645 USD
Signal 2: Sell Setup
Trade Entry: 2610 USD
Stop Loss: 2620 USD
Take Profit 1: 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. 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.
Market Analysis
As we approach the new year, the gold market is poised for potential movements influenced by various technical indicators and market sentiments. This analysis focuses on both the weekly and 4-hour timeframes.
Support & Resistance Levels
On the weekly timeframe, key support levels are identified at 2600 USD and resistance at 2650 USD. On the 4-hour timeframe, support is observed at 2610 USD and resistance at 2635 USD.
Fibonacci Retracement Levels
Utilizing Fibonacci retracement from the recent swing high of 2680 USD to the swing low of 2550 USD, the key levels are:
23.6%: 2630 USD
38.2%: 2615 USD
61.8%: 2575 USD
Exponential Moving Averages (EMA)
The EMA levels on the weekly timeframe are as follows:
50 EMA: 2620 USD
100 EMA: 2595 USD
200 EMA: 2570 USD
400 EMA: 2540 USD
On the 4-hour timeframe:
50 EMA: 2628 USD
100 EMA: 2612 USD
200 EMA: 2598 USD
400 EMA: 2585 USD
RSI Divergence
The Relative Strength Index (RSI) indicates a divergence on the 4-hour chart, suggesting potential reversal points. Currently, the RSI is at 60, indicating bullish momentum but nearing overbought territory.
Order Blocks
Key order blocks are identified around 2610 USD, which could serve as significant points for price action.
MACD Analysis
The MACD shows a bullish crossover on the daily chart, providing additional confirmation for potential upward movements.
Fundamental Analysis and Upcoming USD News
This week, keep an eye on the upcoming USD employment data release, which is expected to impact gold prices significantly. Positive employment figures could strengthen the USD, potentially putting downward pressure on gold.
💡XAUUSD Weekly (30 Dec- 3 Jan) Analysis Summary by Kohinoor Free VIP Signals
For a detailed analysis and more trading signals, contact us via WhatsApp here or join our FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals.
Key Levels Summary
Weekly Support: 2600 USD
Weekly Resistance: 2650 USD
4-Hour Support: 2610 USD
4-Hour Resistance: 2635 USD
Exponential Moving Averages Summary
Weekly EMA Levels:
50 EMA: 2620 USD
100 EMA: 2595 USD
200 EMA: 2570 USD
400 EMA: 2540 USD
4-Hour EMA Levels:
50 EMA: 2628 USD
100 EMA: 2612 USD
200 EMA: 2598 USD
400 EMA: 2585 USD
Fibonacci Levels Summary
23.6%: 2630 USD
38.2%: 2615 USD
61.8%: 2575 USD
FAQs
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.
Which brokers are trusted for Gold Forex Crypto trading?
Based on client feedback, we recommend brokers like:
What are the best strategies for gold trading?
Utilizing technical analysis, understanding market sentiment, and following economic indicators are key strategies for successful gold trading.
How do I start trading gold?
Begin by choosing a reliable broker, understanding market conditions, and practicing with demo accounts before trading with real money.
What is the best time to trade gold?
The best times to trade gold are during major market sessions, particularly when both the London and New York markets are open.
What factors influence gold prices?
Economic data, geopolitical events, and currency fluctuations, especially the USD, have significant impacts on gold prices.
Is gold a good investment?
Gold can be a good investment as a hedge against inflation and currency risk, but it is essential to consider market conditions.
How can I learn more about trading?
Explore our Free Gold Forex Trading Ebooks and Free Kohinoor Free VIP Signals Education Articles & Blog.
Conclusion
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