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💬 WhatsApp Kohinoor Free VIP Signals here for FREE Gold Forex Live Trade Setups & Market Analysis.
Two Intraday Signals
Intraday Buy Signal
Trade Entry: 2700 USD
Stop Loss: 2680 USD
Take Profit 1: 2720 USD
Take Profit 2: 2740 USD
Intraday Sell Signal
Trade Entry: 2680 USD
Stop Loss: 2700 USD
Take Profit 1: 2660 USD
Take Profit 2: 2640 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 of Gold Market Trends
Gold (XAUUSD) is currently trading at 2694 USD, reflecting a volatile market influenced by various factors, including economic indicators and geopolitical events. Our analysis utilizes multiple indicators to provide a comprehensive view of the market.
Support & Resistance Levels
Daily Support Levels:
2675 USD
2650 USD
2630 USD
Daily Resistance Levels:
2720 USD
2740 USD
2760 USD
Fibonacci Retracement Levels
Using the recent swing high and swing low, the Fibonacci retracement levels are identified as follows:
Key Levels:
23.6%: 2720 USD
38.2%: 2700 USD
61.8%: 2640 USD
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: 2685 USD
EMA 100: 2670 USD
EMA 200: 2655 USD
EMA 400: 2630 USD
4-Hour Time Frame:
EMA 50: 2695 USD
EMA 100: 2680 USD
EMA 200: 2665 USD
EMA 400: 2650 USD
RSI Divergence
The Relative Strength Index (RSI) indicates potential overbought or oversold conditions. Currently, the RSI shows divergence, suggesting a possible reversal in price direction.
Order Blocks
Identifying key order blocks can provide insights into potential reversal areas. The significant order block is located around 2680 USD, which aligns with our support level.
MACD Analysis
The MACD indicator is showing bullish momentum, indicating a potential upward movement in gold prices, further supporting our buy signal.
💡 Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals
🥇 FREE Telegram Channel: @Kohinoorfreevipgoldforexsignals
Key Levels Summary
Daily Support and Resistance:
Support: 2675 USD, 2650 USD, 2630 USD
Resistance: 2720 USD, 2740 USD, 2760 USD
Exponential Moving Average (EMA) Levels:
Daily:
EMA 50: 2685 USD
EMA 100: 2670 USD
EMA 200: 2655 USD
EMA 400: 2630 USD
4-Hour:
EMA 50: 2695 USD
EMA 100: 2680 USD
EMA 200: 2665 USD
EMA 400: 2650 USD
Weekly Pivots:
Pivot Point: 2700 USD
Resistance 1: 2720 USD
Support 1: 2680 USD
Daily Pivots:
Pivot Point: 2690 USD
Resistance 1: 2710 USD
Support 1: 2670 USD
Fibonacci Retracement Levels:
23.6%: 2720 USD
38.2%: 2700 USD
61.8%: 2640 USD
Fundamental Analysis and USD News
📈 Upcoming significant USD news includes the Federal Reserve's interest rate decision, which could impact gold prices. Market participants are advised to stay updated on these developments as they may lead to increased volatility in the XAUUSD market.
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 is the best time to trade Gold? The best time to trade Gold is during the overlap of the London and New York sessions.
How can I improve my trading skills? Education is key. Utilize resources from Kohinoor Free VIP Signals, including ebooks and articles.
What are the risks associated with Gold trading? Gold trading involves market volatility and potential losses. Always use proper risk management.
How do I choose a reliable Forex broker? Look for brokers with good reviews, regulatory compliance, and favorable trading conditions.
What strategies work best for Gold trading? Strategies such as trend following, scalping, and using technical indicators like MACD are effective.
Can I trade Gold on mobile devices? Yes, most brokers offer mobile trading platforms for convenience.
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