Gold XAUUSD Daily Market Analysis—May 8, 2025 by K9 Investments Trading

K9 Investments
May 8
3 min read

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Current Market Overview

As of today, the live market price of Gold (XAUUSD) is $3396. This analysis will delve into the daily and 4-hour time frames, utilizing various indicators to provide a comprehensive understanding of the market dynamics.

Market Analysis

Support & Resistance Levels

In both the daily and 4-hour time frames, identifying support and resistance levels is crucial for predicting potential price movements.

Daily Support Levels:
- Level 1: $3350
- Level 2: $3370
- Level 3: $3400
Daily Resistance Levels:
- Level 1: $3420
- Level 2: $3440
- Level 3: $3460
4-Hour Support Levels:
- Level 1: $3380
- Level 2: $3390
- Level 3: $3405
4-Hour Resistance Levels:
- Level 1: $3410
- Level 2: $3425
- Level 3: $3445

Fibonacci Retracement Levels

Utilizing Fibonacci retracement levels allows us to identify potential reversal points in the market. The daily swing levels are as follows:

Fibonacci Levels:
- 23.6%: $3365
- 38.2%: $3380
- 61.8%: $3410

Exponential Moving Averages (EMA)

The EMAs provide insight into the market trends over different periods.

Daily EMAs:
- EMA 50: $3385
- EMA 100: $3370
- EMA 200: $3355
- EMA 400: $3340
4-Hour EMAs:
- EMA 50: $3390
- EMA 100: $3380
- EMA 200: $3365
- EMA 400: $3350

RSI Divergence

The Relative Strength Index (RSI) indicates potential overbought or oversold conditions. Currently, the RSI is at 65, suggesting that Gold may be nearing overbought territory.

Order Blocks

Order blocks represent areas where significant buying or selling has occurred. The following order blocks have been identified:

Buy Order Block: $3375 - $3390
Sell Order Block: $3410 - $3425

MACD Analysis

The Moving Average Convergence Divergence (MACD) is currently bullish, indicating that the momentum is favoring upward price movement.

Here’s the mind map for the Gold XAUUSD Daily Analysis on May 8, 2025, by K9 Investments Trading

Summary

💡 Gold XAUUSD Daily Analysis Summary by K9 Investments Trading – WhatsApp 🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

Key Levels

Daily Support and Resistance:
- Support: $3350, $3370, $3400
- Resistance: $3420, $3440, $3460
4-Hour Support and Resistance:
- Support: $3380, $3390, $3405
- Resistance: $3410, $3425, $3445
Exponential Moving Averages:
- Daily: EMA 50: $3385, EMA 100: $3370, EMA 200: $3355, EMA 400: $3340
- 4-Hour: EMA 50: $3390, EMA 100: $3380, EMA 200: $3365, EMA 400: $3350
Weekly Pivots:
- Pivot 1: $3400
- Pivot 2: $3415
- Pivot 3: $3430
Daily Pivots:
- Pivot 1: $3385
- Pivot 2: $3395
- Pivot 3: $3405
Fibonacci Retracement Levels:
- 23.6%: $3365
- 38.2%: $3380
- 61.8%: $3410

Fundamental Analysis and Upcoming USD News

📈 Upcoming important USD news includes the Non-Farm Payrolls report and CPI data release, which are expected to significantly impact the Gold market. Traders should stay informed as these events can lead to increased volatility.

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