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🟡Gold XAUUSD Daily Market Analysis - 10th Oct 2024 by K9 Investments Trading

Updated: Oct 14

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As of today, Gold (XAUUSD) is trading at $2612, presenting exciting opportunities for intraday traders.


📈 Intraday signals Gold XAUUSD

📲Join our FREE Telegram Channel: @K9_Investments_GoldTrading for real-time updates!

1️⃣ Buy Signal

  • Entry: $2605 (above support)

  • Stop Loss: $2590

  • Take Profit 1: $2620

  • Take Profit 2: $2635


2️⃣ Sell Signal

  • Entry: $2625 (resistance break)

  • Stop Loss: $2640

  • Take Profit 1: $2605

  • Take Profit 2: $2590


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. Please ensure that you fully understand the risks involved and seek independent advice if necessary. Trade at your own risk.

🔍 Gold XAUUSD Daily and 4-Hour Time Frame Market Analysis

Today’s Gold analysis explores the daily and 4-hour time frames to highlight key trading levels and market signals.

Key Indicators:

  • Live Market Price: $2612

  • Fibonacci Retracement Levels:

    • 38.2% at $2585

    • 50% at $2600

    • 61.8% at $2618

Exponential Moving Averages (EMA):

  • Daily Time Frame:

    • EMA 50: $2608

    • EMA 100: $2580

    • EMA 200: $2555

    • EMA 400: $2510

  • 4-Hour Time Frame:

    • EMA 50: $2610

    • EMA 100: $2590

    • EMA 200: $2570

    • EMA 400: $2535

Support & Resistance Levels:

  • Daily Support: $2595, $2570

  • Daily Resistance: $2630, $2650

Weekly Pivots:

  • Pivot Point: $2608

  • Support 1: $2588

  • Resistance 1: $2632

Daily Pivots:

  • Pivot Point: $2612

  • Support 1: $2600

  • Resistance 1: $2628

RSI Divergence:

  • 4-Hour RSI is showing a slight bullish divergence, suggesting potential upside momentum if prices stay above $2605.

Smart Money Concepts (SMC) & Order Blocks:

  • A clear order block exists at the $2590 level, indicating potential buy liquidity. Conversely, a sell order block near $2635 could trigger selling pressure. Watch for strong reactions at these zones.

📊 Gold XAUUSD Fundamental Analysis: Impact of USD News

The Gold market is closely tracking upcoming USD events:

  • CPI Data: With expectations of inflation remaining elevated, volatility in the Gold market is likely.

  • FOMC Meeting: This week, the focus is on the Federal Reserve’s rate decision. A dovish tone could push Gold higher, while hawkish remarks may trigger further downside.

Stay updated with these key economic events that could affect XAUUSD's movement.

💡Gold XAUUSD Daily Analysis Summary by K9 Investments Trading


GOLD

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

Key Levels Summary:

  • Daily Support: $2595, $2570

  • Daily Resistance: $2630, $2650

  • EMA Levels (Daily): 50 EMA at $2608, 100 EMA at $2580, 200 EMA at $2555, 400 EMA at $2510

  • EMA Levels (4-Hour): 50 EMA at $2610, 100 EMA at $2590, 200 EMA at $2570, 400 EMA at $2535

  • Fibonacci Retracement: 38.2% at $2585, 50% at $2600, 61.8% at $2618

  • Weekly Pivots: Support 1 at $2588, Resistance 1 at $2632

  • Daily Pivots: Support 1 at $2600, Resistance 1 at $2628

📑 FAQs

1. Why is K9 Investments the best signal provider? K9 Investments offers daily, accurate signals backed by extensive market analysis. Additionally, traders gain access to FREE Gold Forex Trading Ebooks for further education: Free Gold Forex Trading Ebooks.

2. Which brokers are trusted for Gold Forex Crypto trading? Based on client feedback, we recommend trusted brokers such as:

3. How to get Free Forex Signals? You can get free signals from K9 Investments via the following link: All K9 Brokers Info Summary.

4. Where can I learn more about K9 Investments? Find more about us on our official page: About Us.

5. How do EMA levels influence Gold XAUUSD trading? EMA levels, especially the 50, 100, and 200 EMAs, show key dynamic support and resistance levels, which can indicate potential reversals or trend continuations.

6. How can I improve my trading skills?Learn from K9’s educational videos: Level 1 Forex Trading Educational Videos.

7. What is RSI divergence in Gold trading? RSI divergence helps traders identify potential reversals, making it a crucial tool for technical analysis in the XAUUSD market.

8. Are smart money concepts useful for Gold trading? Yes, SMC provides insights into large institutional orders, helping traders align their strategies with the market's underlying liquidity.


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