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XAUUSD Daily Market Analysis 29th NOV 2024 by Kohinoor Free VIP Signals

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Current Price: $2,660


Intraday Signals XAUUSD by Kohinoor Free VIP Signals

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🔹 Signal 1:

  • Action: Buy

  • Entry Price: $2,650

  • Stop Loss: $2,640

  • Take Profit 1: $2,665

  • Take Profit 2: $2,680

🔹 Signal 2:

  • Action: Sell

  • Entry Price: $2,670

  • Stop Loss: $2,680

  • Take Profit 1: $2,655

  • Take Profit 2: $2,640

⚠️ Risk Warning: Trading Forex and CFDs carries a high risk. Only trade with capital you can afford to lose. Ensure you fully understand the risks involved.


Comprehensive XAUUSD Market Analysis

Current Market Overview As of 29th November 2024, XAUUSD is trading around $2,660. Gold prices are influenced by recent global market sentiment and key USD economic events. Traders must focus on key support and resistance zones, along with Fibonacci levels for accurate entry and exit strategies.


Technical Indicators Analysis

Daily & 4-Hour Support and Resistance Levels

  • Daily Support: $2,640, $2,620

  • Daily Resistance: $2,670, $2,690

  • 4-Hour Support: $2,645, $2,625

  • 4-Hour Resistance: $2,675, $2,695

Exponential Moving Averages (EMA)

Fibonacci Retracement Levels (Daily)

  • Swing High: $2,680

  • Swing Low: $2,620

  • Key Levels:

    • 23.6%: $2,635

    • 38.2%: $2,645

    • 50.0%: $2,650

Exponential Moving Averages (EMA)

  • Daily EMA Levels:

    • EMA 50: $2,652

    • EMA 100: $2,640

    • EMA 200: $2,620

    • EMA 400: $2,580

  • 4-Hour EMA Levels:

    • EMA 50: $2,658

    • EMA 100: $2,645

    • EMA 200: $2,630

    • EMA 400: $2,610

RSI Divergence

  • Daily RSI: Shows bullish divergence with RSI at 55, indicating potential upward momentum.

Order Blocks

  • Bullish Order Block: $2,640-$2,650

  • Bearish Order Block: $2,675-$2,680

MACD Analysis

  • The MACD on the daily timeframe signals a possible crossover above the zero line, supporting a bullish bias.

Daily Analysis Summary by Kohinoor Free VIP Signals

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XAUUSD

Key Pivot Levels

  • Weekly Pivots:

    • Resistance: $2,675, $2,690

    • Support: $2,640

  • Daily Pivots:

    • Resistance: $2,670, $2,685

    • Support: $2,645

Fundamental Analysis

📊 Upcoming USD News:

  • Non-Farm Payrolls (NFP) (Expected Release: 1st December 2024): Could create volatility in gold prices.

  • FOMC Speech: Market sentiment on interest rates remains a critical driver for XAUUSD.


FAQs

1.Why is Kohinoor Free VIP Signals the best signal provider?

Kohinoor Free VIP Signals offers FREE trading signals, expert analysis, and educational resources. Learn more here.


2.Which brokers are trusted for Gold Forex Crypto trading?

We recommend brokers based on client feedback:


3.What makes XAUUSD trading profitable?

Gold’s volatility and correlation with the USD create lucrative opportunities for traders who use technical analysis effectively.


4.How can I start trading XAUUSD as a beginner?

Visit Free Gold Forex Trading E-books for insights on trading strategies and fundamentals.


5.Is gold trading suitable for long-term investment?

Yes, gold is a hedge against inflation and economic instability.


6.What is the accuracy of Kohinoor’s signals?

Kohinoor Free VIP Signals boasts an accuracy rate of over 95%.


7.How do I analyze XAUUSD trends?

Utilize tools like Fibonacci retracements, EMAs, and MACD to track price movements.


8.Can I trade XAUUSD during high-impact news?

Yes, but ensure proper risk management due to increased volatility.



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