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🟡 Gold XAUUSD Daily Market Analysis – 4th Nov 2024 by K9 Investments Trading

Updated: Nov 16

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Current Gold Price: $2,741 USD


Intraday Trading Signals for Gold (XAUUSD)

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading


📈 Buy Signal Setup

  • Trade Entry: Buy at $2,735

  • Stop Loss: $2,720

  • Take Profit 1: $2,755

  • Take Profit 2: $2,770

📉 Sell Signal Setup

  • Trade Entry: Sell at $2,745

  • Stop Loss: $2,760

  • Take Profit 1: $2,725

  • Take Profit 2: $2,710

📌 Risk Warning: Trading Forex and CFDs carries a high level of risk. Trade only with money you can afford to lose. Ensure full understanding of risks involved. Not financial advice. Use partial profits, strict stop-loss, and risk management.


🏆 Gold XAUUSD Daily & 4-Hour Market Analysis Overview

Today's Gold (XAUUSD) price is $2,741 USD. Using tools like Fibonacci Retracement, EMA, RSI, and MACD, we break down potential movements in the daily and 4-hour timeframes.

Daily Technical Analysis

  1. Fibonacci Retracement Levels

    • Key Daily Swing Levels: With a price at $2,741, Fibonacci retracement levels indicate resistance at 23.6% ($2,765) and support at 61.8% ($2,710). These levels suggest areas for potential reversals or continuations.

  2. Exponential Moving Averages (EMA)

    • EMA (50): $2,730

    • EMA (100): $2,740

    • EMA (200): $2,715

    • EMA (400): $2,700


      These EMA values guide support and resistance zones, indicating a mixed momentum.

  3. RSI Divergence

    • RSI currently shows a mild divergence, signaling potential bullish momentum near the 50 level on the daily chart. This divergence indicates a probable rebound from key support zones.

  4. MACD

    • MACD is gradually moving into the positive zone, suggesting upward potential if it crosses above the signal line, though confirmation awaits stronger bullish candlesticks.


4-Hour Technical Analysis

  1. Support and Resistance Levels

    • Support: $2,730, $2,710

    • Resistance: $2,765, $2,780


      These levels provide insight into short-term fluctuations and potential intraday reversals.

  2. EMA Levels on 4-Hour Timeframe

    • EMA (50): $2,738

    • EMA (100): $2,745

    • EMA (200): $2,750

    • EMA (400): $2,780


      These EMA values align with intraday resistance zones, indicating possible consolidation or a price breakout.


  3. Order Blocks

    • Notable order blocks were formed between $2,720 and $2,740, highlighting areas of accumulation and potential support for a bullish turnaround.

  4. MACD on 4-Hour Chart

    • MACD remains slightly bearish but is showing signs of recovery. Should it cross above the signal line, we may witness intraday upward momentum.

  5. Weekly and Daily Pivots

    • Weekly Pivot Levels: $2,720, $2,745, $2,770

    • Daily Pivot Levels: $2,730, $2,750, $2,770

📈 Fundamental Analysis & USD News Impact

This week’s USD economic releases include interest rate announcements, non-farm payroll data, and PMI reports, which could heavily influence Gold’s value. Strong USD data typically pressures Gold prices downward, while weaker data may provide bullish momentum for XAUUSD.


💡Gold XAUUSD Daily Analysis Summary by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading💬 Visit: www.k9investmentstrading.comGet 60+ Free eBooks: https://www.k9investmentstrading.com/free-gold-forex-trading-ebooks


XAUUSD

Summary of Key Levels

  • Daily Support and Resistance: $2,710 and $2,780

  • 4-Hour Support and Resistance: $2,730 and $2,765

  • EMA Levels (Daily): 50 EMA - $2,730, 100 EMA - $2,740, 200 EMA - $2,715, 400 EMA - $2,700

  • EMA Levels (4-Hour): 50 EMA - $2,738, 100 EMA - $2,745, 200 EMA - $2,750, 400 EMA - $2,780

  • Weekly Pivots: $2,720, $2,745, $2,770

  • Daily Pivots: $2,730, $2,750, $2,770

FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments offers FREE signals, educational resources, daily analysis, and ebooks for traders.

💎 Free Gold Forex Trading EbooksFree Ebooks

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2.Which brokers are trusted for Gold, Forex, and Crypto trading?

Based on user feedback, we recommend the following brokers:

3.What types of assets do K9 Investments' signals cover?

We cover a range of assets, including Gold (XAUUSD), major forex pairs, and selected cryptocurrencies.


4.How accurate are K9 Investments' signals?

Our signals boast over 95% accuracy, designed to help both novice and experienced traders.


5.What makes K9 Investments unique?

We focus on high-quality free signals and a suite of educational tools to support trader growth.


6.How can I join K9 Investments’ VIP Signal Service?

Visit our website www.k9investmentstrading.com for more details on VIP memberships.


7.What strategies do you use for gold trading signals?

Our strategies involve EMA, RSI, MACD, and Fibonacci Retracement for intraday and swing trades.


8.Are there any resources to learn forex trading with K9 Investments?

Yes! Visit our Level 1 Educational Videos here.



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