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💬 WhatsApp Kohinoor Free VIP Signals here for FREE Gold Forex Live Trade Setups & Market Analysis.
Current Gold Market Overview
As of today, the live price of Gold (XAUUSD) stands at 2940 USD. This analysis will provide you with actionable intraday trading signals based on various technical indicators.
🔍 Comprehensive Market Analysis
Support & Resistance Levels
Daily Support Level: 2920 USD
Daily Resistance Level: 2950 USD
4-Hour Support Level: 2930 USD
4-Hour Resistance Level: 2945 USD
Fibonacci Retracement Levels
Utilizing the Fibonacci retracement tool on the recent swing high and low, we identify key levels:
23.6% Level: 2955 USD
38.2% Level: 2940 USD
61.8% Level: 2910 USD
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: 2935 USD
EMA 100: 2920 USD
EMA 200: 2905 USD
EMA 400: 2880 USD
4-Hour Time Frame:
EMA 50: 2940 USD
EMA 100: 2930 USD
EMA 200: 2925 USD
EMA 400: 2910 USD
RSI Divergence
Currently, the RSI is showing a slight divergence, indicating potential reversal points. A reading above 70 suggests overbought conditions, while below 30 indicates oversold conditions.
Order Blocks
Identifying order blocks on the 4-hour chart reveals significant buying interest around 2925 USD and selling pressure near 2950 USD.
MACD Analysis
The MACD indicator is currently bullish, with the MACD line above the signal line, suggesting upward momentum in the near term.
💡 Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals
📊 Key Levels Summary:
Daily Support: 2920 USD
Daily Resistance: 2950 USD
4-Hour Support: 2930 USD
4-Hour Resistance: 2945 USD
EMA Levels (Daily): 50: 2935 USD, 100: 2920 USD, 200: 2905 USD, 400: 2880 USD
EMA Levels (4-Hour): 50: 2940 USD, 100: 2930 USD, 200: 2925 USD, 400: 2910 USD
Weekly Pivots:
Resistance 1: 2970 USD
Support 1: 2900 USD
Pivot Point: 2935 USD
Daily Pivots:
Resistance: 2955 USD
Support: 2925 USD
Pivot Point: 2940 USD
Fibonacci Levels: 23.6% at 2955 USD, 38.2% at 2940 USD, 61.8% at 2910 USD
Fundamental Analysis
📈 Upcoming important USD news events include job reports and inflation data, which can significantly impact Gold prices. Keep an eye on these announcements as they may lead to increased volatility in the XAUUSD market.
Risk Warning
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.
📑 Frequently Asked Questions
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 market hours when both European and U.S. markets are open, typically between 8 AM and 12 PM GMT.
How do I manage risks while trading Gold? Utilize stop-loss orders, take partial profits, and only trade with capital you can afford to lose.
Can I trade Gold with leverage? Yes, many brokers offer leveraged trading options for Gold, allowing you to control larger positions.
What are the benefits of using trading signals? Trading signals provide actionable insights that can help traders make informed decisions and improve their trading strategies.
How often are trading signals updated? Trading signals are updated daily to reflect market changes and new analysis.
What educational resources does Kohinoor Free VIP Signals provide? We offer free Gold Forex trading ebooks and educational articles to enhance your trading knowledge.
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