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💬 WhatsApp Kohinoor Free VIP Signals here for FREE Gold Forex Live Trade Setups & Market Analysis.
Current Market Overview
As of today, the live price of Gold (XAUUSD) stands at 2917 USD. This analysis aims to provide actionable intraday trading signals based on various technical indicators, including Fibonacci Retracement Levels, EMA, RSI divergence, and more.
Technical Analysis
Support & Resistance Levels
Daily Support Levels: 2900 USD, 2885 USD, 2870 USD
Daily Resistance Levels: 2920 USD, 2935 USD, 2950 USD
4-Hour Support Levels: 2903 USD, 2895 USD, 2882 USD
4-Hour Resistance Levels: 2918 USD, 2928 USD, 2935 USD
Fibonacci Retracement Levels
Using the recent swing high and low, the key Fibonacci levels are:
23.6%: 2908 USD
38.2%: 2895 USD
61.8%: 2880 USD
Exponential Moving Averages (EMA)
Daily EMA Levels:
EMA 50: 2900 USD
EMA 100: 2895 USD
EMA 200: 2880 USD
EMA 400: 2865 USD
4-Hour EMA Levels:
EMA 50: 2910 USD
EMA 100: 2905 USD
EMA 200: 2895 USD
EMA 400: 2880 USD
RSI Divergence
The RSI currently shows a bullish divergence, indicating potential upward momentum. Traders should monitor this closely for confirmation.
Order Blocks
Recent order blocks indicate strong buying interest around the 2900 USD level, suggesting it may act as a significant support zone.
MACD Analysis
The MACD is currently showing a bullish crossover, reinforcing the potential for upward movement in Gold prices.
Fundamental Analysis
📈 Upcoming USD News:
CPI Data Release: This week, the Consumer Price Index (CPI) data will be released, which could impact Gold prices significantly. A higher-than-expected inflation rate may lead to increased demand for Gold as a hedge.
XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals
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Key Levels Summary
Daily Support & Resistance:
Support: 2900, 2885, 2870
Resistance: 2920, 2935, 2950
4-Hour Support & Resistance:
Support: 2903, 2895, 2882
Resistance: 2918, 2928, 2935
EMA Levels:
Daily: 2900 (50), 2895 (100), 2880 (200), 2865 (400)
4-Hour: 2910 (50), 2905 (100), 2895 (200), 2880 (400)
Weekly Pivots:
Pivot: 2910, Resistance: 2925, Support: 2895
Daily Pivots:
Pivot: 2905, Resistance: 2915, Support: 2890
Fibonacci Levels: 2908, 2895, 2880
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. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss and Proper Risk Management.
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:
How do I start trading Gold? To start trading Gold, open an account with a trusted broker, deposit funds, and begin analyzing market trends.
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 for maximum volatility.
Can I trade Gold on weekends? No, Gold trading typically occurs during market hours on weekdays.
What are the risks involved in Gold trading? Gold trading carries risks such as market volatility and leverage. Always use proper risk management.
How can I learn more about trading? Kohinoor Free VIP Signals offers educational resources, including ebooks and articles. Learn More.
What are the benefits of using a signal provider? Signal providers offer expert insights and trade suggestions, helping traders make informed decisions.
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