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Gold XAUUSD Daily Market Analysis 3rd Oct 2024 by K9 Investments Trading

Writer's picture: K9 InvestmentsK9 Investments

Updated: Oct 9, 2024

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📊 Intraday Signals for (XAUUSD)

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1️⃣ Signal 1: Buy XAUUSD

  • Trade Entry: 2652 USD

  • Stop Loss: 2640 USD

  • Take Profit 1: 2665 USD

  • Take Profit 2: 2675 USD


2️⃣ Signal 2: Sell XAUUSD

  • Trade Entry: 2660 USD

  • Stop Loss: 2672 USD

  • Take Profit 1: 2645 USD

  • Take Profit 2: 2635 USD

📌 Disclaimer: Not Financial Advice. Trade at your own risk. Take Partial Profits, Strictly Use Stop Loss, and Apply Proper Risk Management.


🔍 Market Analysis Section

Daily & 4-hour Time Frame Analysis (XAUUSD)

1. Support & Resistance Levels

  • Daily Support: 2630 USD

  • Daily Resistance: 2680 USD

  • 4-hour Support: 2640 USD

  • 4-hour Resistance: 2670 USD


2. Fibonacci Retracement Levels

  • Key Swing High: 2690 USD

  • Key Swing Low: 2610 USD

  • 38.2% Retracement: 2654 USD

  • 50% Retracement: 2650 USD

  • 61.8% Retracement: 2645 USD


3. Exponential Moving Averages (EMA)

  • Daily Time Frame (EMA 50/100/200/400):

    • EMA 50: 2658 USD

    • EMA 100: 2662 USD

    • EMA 200: 2670 USD

    • EMA 400: 2685 USD


  • 4-hour Time Frame (EMA 50/100/200/400):

    • EMA 50: 2654 USD

    • EMA 100: 2659 USD

    • EMA 200: 2668 USD

    • EMA 400: 2678 USD


4. RSI Divergence

  • On the 4-hour chart, RSI is currently showing a bullish divergence around 30, signaling potential buying pressure at lower support levels (2640 USD). This hints at a possible reversal if the price holds above 2640 USD.


5. Order Blocks & Smart Money Concepts (SMC)

  • An active Order Block is observed between 2635 USD and 2645 USD, offering a potential buy zone. Look for accumulation around these levels to confirm buy entries.


6. MACD Analysis

  • On the daily chart, the MACD is slightly bearish, but momentum is weakening, suggesting a potential trend reversal if volume increases near the support level of 2640 USD.


📊 Key Levels Summary

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  • Daily Support: 2630 USD

  • Daily Resistance: 2680 USD

  • 4-hour Support: 2640 USD

  • 4-hour Resistance: 2670 USD

  • EMA (Daily): 2658, 2662, 2670, 2685 USD

  • EMA (4-hour): 2654, 2659, 2668, 2678 USD


  • Weekly Pivot Levels:

    • Pivot 1: 2650 USD

    • Pivot 2: 2640 USD

    • Pivot 3: 2670 USD


  • Daily Pivot Levels:

    • Pivot 1: 2645 USD

    • Pivot 2: 2660 USD

    • Pivot 3: 2675 USD


💡 Gold XAUUSD Daily Analysis Summary by K9 Investments Trading

📈 Fundamental Analysis & USD News

Today, Gold prices are reacting to important USD news, including:

  • Non-Farm Payrolls Report (NFP) coming up this week, which could create volatility in the XAUUSD market. Strong NFP data often strengthens the USD, causing downward pressure on Gold prices.


  • ISM Manufacturing Index is also scheduled for today, which might impact the USD sentiment, influencing Gold. Weak data could push Gold higher.

Stay updated on USD economic news to anticipate Gold movements.


📑 FAQs


1. Why is K9 Investments the best signal provider?

K9 Investments offers not only FREE signals but also valuable educational resources, including ebooks, daily market analysis, and trading courses. Our commitment to transparency and accuracy makes us stand out in the trading community.


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