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🟡XAUUSD Daily Market Analysis—31st Dec 2024 by Kohinoor Free VIP Signals

Kohinoor Free VIP Trading Signals

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Intraday Signals

Buy Signal

  • Trade Entry: 2600 USD

  • Stop Loss: 2585 USD

  • Take Profit 1: 2620 USD

  • Take Profit 2: 2640 USD

Sell Signal

  • Trade Entry: 2610 USD

  • Stop Loss: 2625 USD

  • Take Profit 1: 2590 USD

  • Take Profit 2: 2570 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

Overview

Gold (XAUUSD) has been fluctuating around the current live price of 2605 USD, influenced by various technical indicators and market sentiment. This analysis focuses on daily and 4-hour time frames, utilizing tools such as Fibonacci Retracement Levels, EMA, RSI divergence, and more.

Support & Resistance Levels

  • Daily Support Levels: 2585 USD, 2570 USD, 2550 USD

  • Daily Resistance Levels: 2620 USD, 2640 USD, 2660 USD

  • 4-Hour Support Levels: 2595 USD, 2580 USD, 2565 USD

  • 4-Hour Resistance Levels: 2615 USD, 2630 USD, 2645 USD

Fibonacci Retracement Levels

The key Fibonacci levels to monitor are:

  • 23.6%: 2615 USD

  • 38.2%: 2595 USD

  • 61.8%: 2575 USD

Exponential Moving Averages (EMA)

  • Daily EMA Levels:

    • EMA 50: 2590 USD

    • EMA 100: 2580 USD

    • EMA 200: 2565 USD

    • EMA 400: 2550 USD

  • 4-Hour EMA Levels:

    • EMA 50: 2600 USD

    • EMA 100: 2595 USD

    • EMA 200: 2580 USD

    • EMA 400: 2570 USD

RSI Divergence

The RSI currently shows a bullish divergence, indicating potential upward momentum. Traders should watch for confirmation before entering positions.

Order Blocks

Identified order blocks are around the 2585 USD level, acting as a strong support zone. This could provide opportunities for buying if tested again.

MACD Analysis

The MACD is currently bullish, with the signal line below the MACD line, suggesting further upward movement is possible.


Here’s the XAUUSD Daily Analysis Summary for December 31, 2024, presented in a mind map format for easy reference:

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

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Key Levels

  • Daily Support and Resistance:

    • Support: 2585 USD, 2570 USD, 2550 USD

    • Resistance: 2620 USD, 2640 USD, 2660 USD

  • Exponential Moving Average (EMA) Levels:

    • Daily: 50 EMA - 2590 USD, 100 EMA - 2580 USD, 200 EMA - 2565 USD, 400 EMA - 2550 USD

    • 4-Hour: 50 EMA - 2600 USD, 100 EMA - 2595 USD, 200 EMA - 2580 USD, 400 EMA - 2570 USD

  • Weekly Pivots:

    • Pivot Point: 2610 USD

    • Support: 2590 USD, 2575 USD

    • Resistance: 2625 USD, 2635 USD

  • Daily Pivots:

    • Pivot Point: 2605 USD

    • Support: 2590 USD, 2580 USD

    • Resistance: 2615 USD, 2620 USD

  • Fibonacci Retracement Levels:

    • 23.6%: 2615 USD, 38.2%: 2595 USD, 61.8%: 2575 USD

Fundamental Analysis

Upcoming important USD news includes the Non-Farm Payrolls report due next week, which could significantly impact the Gold market. Traders should stay updated on economic indicators that may influence the XAUUSD price. FAQs

  1. 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 💡 Free Kohinoor Free VIP Signals Education Articles & Blog

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  3. How can I improve my trading skills? Engaging with Kohinoor Free VIP Signals’ educational resources will help enhance your trading knowledge.

  4. What is the best time to trade US30? The best time to trade US30 is during the overlap of major market sessions, particularly during the London and New York sessions.

  5. How do I manage risk while trading? Utilizing strict stop-loss orders and proper position sizing are essential for managing risk effectively.

  6. Can I trade US30 with a small account? Yes, many brokers offer micro accounts that allow trading US30 with minimal capital.

  7. What tools do I need for successful trading? Essential tools include a reliable trading platform, technical analysis software, and access to market news.

  8. How does news affect the US30 market? Market sentiment can shift dramatically based on economic news releases, making it crucial for traders to stay informed.

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