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Market Analysis
Overview of Gold Market
As of today, the live price of Gold (XAUUSD) stands at 2702 USD. This analysis will delve into both the daily and 4-hour timeframes, utilizing various technical indicators to provide a comprehensive overview.
Support & Resistance Levels
Daily Support:
Level 1: 2685 USD
Level 2: 2660 USD
Level 3: 2640 USD
Daily Resistance:
Level 1: 2720 USD
Level 2: 2740 USD
Level 3: 2760 USD
4-Hour Support:
Level 1: 2690 USD
Level 2: 2675 USD
Level 3: 2665 USD
4-Hour Resistance:
Level 1: 2715 USD
Level 2: 2730 USD
Level 3: 2755 USD
Fibonacci Retracement Levels
Using the recent swing high of 2765 USD and swing low of 2640 USD, the key Fibonacci levels are as follows:
23.6%: 2705 USD
38.2%: 2720 USD
61.8%: 2745 USD
Exponential Moving Averages (EMA)
Daily EMA Values:
EMA 50: 2705 USD
EMA 100: 2690 USD
EMA 200: 2675 USD
EMA 400: 2650 USD
4-Hour EMA Values:
EMA 50: 2700 USD
EMA 100: 2692 USD
EMA 200: 2680 USD
EMA 400: 2665 USD
RSI Divergence
The Relative Strength Index (RSI) indicates a potential bullish divergence, suggesting that despite lower price action, momentum is increasing.
Order Blocks
Identified order blocks suggest buying pressure around the 2685 USD level, which aligns with our support analysis.
MACD Analysis
The MACD is currently showing a bullish crossover, which supports the potential for upward movement in the short term.

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Key Levels Summary
Daily Support and Resistance:
Support: 2685 USD, 2660 USD, 2640 USD
Resistance: 2720 USD, 2740 USD, 2760 USD
Exponential Moving Averages (EMA):
Daily: EMA 50 (2705 USD), EMA 100 (2690 USD), EMA 200 (2675 USD), EMA 400 (2650 USD)
4-Hour: EMA 50 (2700 USD), EMA 100 (2692 USD), EMA 200 (2680 USD), EMA 400 (2665 USD)
Weekly Pivots:
Pivot Point: 2700 USD
Support: 2680 USD, 2665 USD
Resistance: 2725 USD, 2740 USD
Daily Pivots:
Pivot Point: 2705 USD
Support: 2690 USD, 2680 USD
Resistance: 2720 USD, 2735 USD
Fibonacci Levels:
Key Levels: 2705 USD, 2720 USD, 2745 USD
Fundamental Analysis and USD News
Keep an eye on upcoming USD news such as interest rate decisions and economic data releases, as these can significantly impact the Gold market. Recent trends suggest that any positive economic data for the USD may lead to downward pressure on Gold prices.
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.
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