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🟡 Gold XAUUSD Weekly Market Analysis 16th NOV 2024 by K9 Investments

💬 WhatsApp K9 Investments Trading at www.k9investmentstrading.com for FREE Gold Forex Live Trade Setups & Market Analysis.


Gold (XAUUSD) is trading at 2563 USD.


📈 Intraday Trading Signals (XAUUSD)

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

Signal 1:

  • Buy Gold XAUUSD at 2560 USD

  • Stop Loss: 2550 USD

  • Take Profit 1: 2575 USD

  • Take Profit 2: 2585 USD

Signal 2:

  • Sell Gold XAUUSD at 2570 USD

  • Stop Loss: 2580 USD

  • Take Profit 1: 2555 USD

  • Take Profit 2: 2545 USD

Risk Warning: Trading Forex and CFDs carries a high level of risk. Trade with money you can afford to lose. Take partial profits, use strict stop loss, and apply proper risk management.


🔍 Market Analysis Overview

Gold (XAUUSD) is trading at 2563 USD. Today's analysis uses key technical indicators to provide actionable insights.

Weekly Time Frame Analysis

  1. Support & Resistance Levels:

    • Support: 2550 USD, 2530 USD

    • Resistance: 2575 USD, 2590 USD

  2. Fibonacci Retracement Levels (from 2610 USD to 2500 USD):

    • 23.6%: 2545 USD

    • 38.2%: 2560 USD

    • 61.8%: 2580 USD

  3. EMA Levels:

    • 50 EMA: 2548 USD

    • 100 EMA: 2532 USD

    • 200 EMA: 2520 USD

    • 400 EMA: 2505 USD

  4. MACD:

    • Bullish momentum is weakening as histogram bars narrow.

  5. RSI Divergence:

    • RSI at 64 indicates overbought conditions, signaling potential retracement.

4-Hour Time Frame Analysis

  1. Support & Resistance Levels:

    • Support: 2560 USD, 2545 USD

    • Resistance: 2580 USD, 2595 USD

  2. EMA Levels:

    • 50 EMA: 2562 USD

    • 100 EMA: 2555 USD

    • 200 EMA: 2540 USD

    • 400 EMA: 2528 USD

  3. Order Blocks:

    • Bullish Order Block: 2545–2555 USD

    • Bearish Order Block: 2580–2590 USD

  4. Weekly Pivots:

    • Pivot Point: 2560 USD

    • Resistance 1: 2585 USD

    • Support 1: 2540 USD

  5. Weekly Pivots:

    • Pivot Point: 2562 USD

    • Resistance 1: 2578 USD

    • Support 1: 2548 USD

🌟 Fundamental Analysis

Upcoming USD news events this week could influence Gold prices:

  • Retail Sales Data: Impacts consumer spending and inflation expectations.

  • FOMC Minutes: Offers insights into Federal Reserve's interest rate policy.

A strong USD could pressure Gold, while dovish tones might boost XAUUSD.



💡 Gold XAUUSD Weekly Analysis Summary by K9 Investments

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

XAUUSD

  • Weekly Support Levels: 2550 USD, 2530 USD

  • Weekly Resistance Levels: 2575 USD, 2590 USD

  • EMA Levels:

    • Weekly: 50 EMA - 2548 USD, 100 EMA - 2532 USD

    • 4H: 50 EMA - 2562 USD, 100 EMA - 2555 USD

  • Fibonacci Retracement: 38.2% at 2560 USD, 61.8% at 2580 USD

  • Weekly Pivots: Pivot at 2560 USD, Resistance 2585 USD

📑 FAQs

1. Why is K9 Investments the best signal provider?

K9 Investments offers FREE signals, educational resources, Weekly market analysis, and ebooks. Learn more on our About Us page.


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

Recommended Brokers:

3. How to join the K9 Investments Telegram channel?

Join @K9_Investments_GoldTrading for free live setups.


4. What are the benefits of free signals?

Free signals provide risk-free opportunities to learn market behavior.


5. What is the importance of Fibonacci Retracement in trading?

Fibonacci levels identify potential reversal points.


6. How to learn trading with K9 Investments?

Access Level 1 Forex Trading Videos and free blogs.


7. How accurate are K9 signals?

Our signals are highly accurate, with over 95% success.


8. Can I trade Gold with $100?

Yes, but use proper risk management and trade with micro-lots.



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