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Intraday Signals
Signal 1: Buy Signal
Trade Entry: 2655 USD
Stop Loss: 2645 USD
Take Profit 1: 2665 USD
Take Profit 2: 2675 USD
Signal 2: Sell Signal
Trade Entry: 2645 USD
Stop Loss: 2655 USD
Take Profit 1: 2635 USD
Take Profit 2: 2625 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
As of today, Gold (XAUUSD) is trading at 2653 USD. The market has shown significant volatility, influenced by various economic factors and technical indicators. This analysis will delve into the daily and 4-hour time frames using essential tools such as Fibonacci Retracement Levels, EMA, RSI divergence, and more.
Support & Resistance Levels
Daily Time Frame:
Support Levels: 2640 USD, 2620 USD, 2600 USD
Resistance Levels: 2660 USD, 2680 USD, 2700 USD
4-Hour Time Frame:
Support Levels: 2645 USD, 2635 USD, 2625 USD
Resistance Levels: 2665 USD, 2675 USD, 2685 USD
Fibonacci Retracement Levels
The key Fibonacci levels for the current market are:
Retracement Levels: 23.6% (2660 USD), 38.2% (2650 USD), 61.8% (2630 USD)
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: 2648 USD
EMA 100: 2635 USD
EMA 200: 2610 USD
EMA 400: 2595 USD
4-Hour Time Frame:
EMA 50: 2652 USD
EMA 100: 2640 USD
EMA 200: 2630 USD
EMA 400: 2620 USD
RSI Divergence
The RSI currently shows a divergence, indicating potential reversal points in the market. A reading above 70 suggests overbought conditions, while below 30 indicates oversold conditions.
Order Blocks
Identifying order blocks is crucial for understanding market sentiment. Key order blocks are located around the support and resistance levels mentioned earlier.
MACD Analysis
The MACD indicator is currently showing bullish momentum, with the MACD line crossing above the signal line, suggesting potential upward movement.
💡 Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals
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Key Levels Summary
Daily Support and Resistance:
Support: 2640 USD, 2620 USD, 2600 USD
Resistance: 2660 USD, 2680 USD, 2700 USD
4-Hour Support and Resistance:
Support: 2645 USD, 2635 USD, 2625 USD
Resistance: 2665 USD, 2675 USD, 2685 USD
Exponential Moving Averages (EMA):
Daily: 50 (2648), 100 (2635), 200 (2610), 400 (2595)
4-Hour: 50 (2652), 100 (2640), 200 (2630), 400 (2620)
Weekly Pivots:
Pivot Point: 2650 USD
Resistance: 2665 USD, 2680 USD
Support: 2640 USD, 2625 USD
Daily Pivots:
Pivot Point: 2653 USD
Resistance: 2665 USD, 2675 USD
Support: 2640 USD, 2630 USD
Fibonacci Retracement Levels:
23.6%: 2660 USD
38.2%: 2650 USD
61.8%: 2630 USD
Fundamental Analysis and USD News
📈 Upcoming important USD news includes inflation reports and employment data. These factors significantly impact Gold prices, making it crucial for traders to stay informed.
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 the following brokers:
What are the benefits of using trading signals?
Trading signals provide insights into potential market movements, helping traders make informed decisions.
How can I improve my trading skills?
Consider utilizing educational resources and trading courses offered by reputable signal providers.
Is it possible to trade Gold profitably?
Yes, with the right strategies and risk management, trading Gold can be profitable.
What is the best time to trade Gold?
The best time to trade Gold is during market hours when liquidity is high, typically overlapping with major market sessions.
How do economic indicators affect Gold prices?
Economic indicators such as inflation rates and employment data can influence Gold prices significantly.
Can I trade Gold with a small capital?
Yes, many brokers offer leverage, allowing you to trade Gold with a smaller capital.
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