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US30 Daily Market Analysis—5th Dec 24 by K9 Investments Trading

Writer's picture: K9 InvestmentsK9 Investments

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The current Market Price is 44,994 USD.

Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.

Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.

Intraday Trading Setups

Setup 1: Buy Signal

  • Trade Entry: 45,000 USD

  • Stop Loss: 44,800 USD

  • Take Profit 1: 45,300 USD

  • Take Profit 2: 45,500 USD

Setup 2: Sell Signal

  • Trade Entry: 44,900 USD

  • Stop Loss: 45,100 USD

  • Take Profit 1: 44,700 USD

  • Take Profit 2: 44,500 USD

Market Analysis

Support and Resistance Levels

On the daily and 4-hour timeframes, the US30 has established key support and resistance levels that traders should monitor closely.

  • Daily Support Levels:

    • 44,800 USD

    • 44,600 USD

  • Daily Resistance Levels:

    • 45,200 USD

    • 45,400 USD

Fibonacci Retracement Levels

Utilizing the Fibonacci retracement tool, we can identify potential reversal zones:

  • Daily Swing Levels:

    • 38.2% Retracement: 44,900 USD

    • 61.8% Retracement: 44,600 USD

Exponential Moving Averages (EMA)

Daily Time Frame:

  • EMA 50: 45,100 USD

  • EMA 100: 45,300 USD

  • EMA 200: 45,500 USD

  • EMA 400: 45,700 USD

4-Hour Time Frame:

  • EMA 50: 44,950 USD

  • EMA 100: 44,850 USD

  • EMA 200: 44,750 USD

  • EMA 400: 44,600 USD

RSI Divergence

The Relative Strength Index (RSI) is currently showing divergence, indicating potential reversal points. Traders should be cautious around the 45,200 resistance level.

Order Blocks

Identifying order blocks can help determine where significant buying or selling has occurred. Key order blocks are present around the 44,800 and 45,200 levels.

MACD Analysis

The MACD indicator is currently bullish, suggesting that upward momentum may continue if the price breaks above the 45,200 resistance level.


mind map summarizing the US30 5th Dec 24, Daily Analysis by K9 Investments Trading

Summary of Key Levels

💡 US30 Daily Analysis Summary by K9 Investments Trading – WhatsApp Us 

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Key Levels Overview:

  • Daily Support Levels:

    • 44,800 USD, 44,600 USD

  • Daily Resistance Levels:

    • 45,200 USD, 45,400 USD

  • EMA Levels (Daily):

    • EMA 50: 45,100 USD

    • EMA 100: 45,300 USD

    • EMA 200: 45,500 USD

    • EMA 400: 45,700 USD

  • EMA Levels (4-Hour):

    • EMA 50: 44,950 USD

    • EMA 100: 44,850 USD

    • EMA 200: 44,750 USD

    • EMA 400: 44,600 USD

  • Weekly Pivots:

    • S1: 44,500 USD

    • S2: 44,700 USD

    • R1: 45,300 USD

  • Daily Pivots:

    • S1: 44,800 USD

    • S2: 44,600 USD

    • R1: 45,200 USD

  • Fibonacci Levels:

    • 38.2%: 44,900 USD

    • 61.8%: 44,600 USD

Fundamental Analysis and Upcoming USD News

📈 Important USD news scheduled for this month includes the Non-Farm Payroll (NFP) report and inflation data release. These events can significantly impact the market sentiment and volatility, particularly for Gold (XAUUSD) and the US30 index. Traders should stay informed and adjust their strategies accordingly.

FAQs

  1. Why is K9 Investments the best signal provider? K9 Investments offers not only FREE signals but also educational resources, daily market analysis, and ebooks. Check out our FREE Gold Forex Trading Ebooks and Free K9 Trading Education Articles & Blog.

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  3. What are the benefits of using K9 Investments Trading? K9 Investments provides a comprehensive trading education alongside free signals, making it ideal for both beginners and experienced traders.

  4. How can I receive daily trading signals? You can join our FREE Telegram Channel @K9_Investments_GoldTrading (Join Here) for daily updates.

  5. What is the importance of technical analysis in trading? Technical analysis helps traders make informed decisions based on price movements and market trends, increasing the chances of successful trades.

  6. How do I manage risk in trading? Using strict stop-loss orders, taking partial profits, and employing proper risk management strategies are crucial for long-term success in trading.

  7. What trading platforms do you recommend? We recommend platforms like Vantage and Exness for their reliability and user-friendly interfaces.

  8. How can I improve my trading skills? K9 Investments offers educational resources, including articles and ebooks, to help traders enhance their skills. Check our Level 1 Forex Trading Educational Videos.

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