🟡 Gold XAUUSD Daily Market Analysis – 12th NOV 2024 by K9 Investments Trading

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Live Market Price: $2616 USD

Intraday Signals for XAUUSD

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1️⃣ Buy SignalEntry: $2614Stop Loss: $2608

Take Profit 1: $2623

Take Profit 2: $2631

2️⃣ Sell SignalEntry: $2618Stop Loss: $2624

Take Profit 1: $2610

Take Profit 2: $2602

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🔍 Comprehensive Gold XAUUSD Market Analysis

Technical Overview on Daily and 4-Hour Timeframes

📈 Support & Resistance Levels

Daily Support Levels: $2608, $2595
Daily Resistance Levels: $2627, $2638
4-Hour Support Levels: $2610, $2604
4-Hour Resistance Levels: $2618, $2625

📊 Fibonacci Retracement Levels

Using recent daily swing levels, key Fibonacci retracement zones for potential price reversals are identified:

38.2% Retracement: $2604
50% Retracement: $2598
61.8% Retracement: $2592

📈 Exponential Moving Averages (EMA) Levels

Daily EMAs: 50 EMA ($2610), 100 EMA ($2605), 200 EMA ($2590), 400 EMA ($2585)
4-Hour EMAs: 50 EMA ($2612), 100 EMA ($2610), 200 EMA ($2606), 400 EMA ($2598)

🔄 RSI Divergence

Daily RSI: Showing slight bearish divergence, indicating a potential retracement from current levels.
4-Hour RSI: Neutral zone, suggesting limited volatility within the next 4 hours.

📈 Order Blocks & Smart Money Concepts (SMC)

Order Blocks on Daily Chart: A significant order block at $2608 acts as a potential support, while resistance at $2625 may limit upside.

📊 MACD Analysis

Daily MACD: Shows bullish momentum but with decreasing volume, suggesting possible consolidation near the $2616 mark.

Fundamental Analysis & USD News

This week, several key USD events could impact Gold’s movement:

Upcoming CPI Report: Scheduled for later this week, this report could inject volatility in the Gold market. A higher CPI might boost USD strength, potentially pressuring Gold.
Federal Reserve Comments: Any remarks on monetary policy changes or interest rate adjustments could influence Gold prices.

💡 Gold XAUUSD Daily Analysis Summary by K9 Investments Trading

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📊 Key Technical Levels to Watch

Daily Support & Resistance: $2608 / $2638
4-Hour Support & Resistance: $2610 / $2625
Daily EMAs: 50 EMA ($2610), 100 EMA ($2605), 200 EMA ($2590), 400 EMA ($2585)
4-Hour EMAs: 50 EMA ($2612), 100 EMA ($2610), 200 EMA ($2606), 400 EMA ($2598)
Weekly Pivots: S1 ($2595), Pivot ($2618), R1 ($2635)
Daily Pivots: S1 ($2612), Pivot ($2618), R1 ($2624)

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