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💬 WhatsApp K9 Investments Trading here for FREE Gold Forex Live Trade Setups & Market Analysis.
Two Intraday Signals
As of the current market price of $2668 USD for Gold (XAUUSD), here are two actionable intraday trading setups:
Signal 1: Buy Entry
Trade Entry: Buy at $2665
Stop Loss: $2655
Take Profit 1: $2680
Take Profit 2: $2700
Signal 2: Sell Entry
Trade Entry: Sell at $2675
Stop Loss: $2685
Take Profit 1: $2660
Take Profit 2: $2650
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.
Market Analysis
Comprehensive Overview
In today's analysis, we will explore the Gold market using various technical indicators to provide a clear picture of potential trading opportunities.
Support & Resistance Levels
Daily Support Levels: $2650, $2640, $2625
Daily Resistance Levels: $2680, $2700, $2720
4-Hour Support Levels: $2660, $2655, $2650
4-Hour Resistance Levels: $2675, $2685, $2690
Fibonacci Retracement Levels
Utilizing the daily swing levels, the key Fibonacci retracement levels are:
23.6%: $2675
38.2%: $2660
61.8%: $2650
Exponential Moving Averages (EMA)
Daily EMA Levels:
50 EMA: $2660
100 EMA: $2655
200 EMA: $2645
400 EMA: $2630
4-Hour EMA Levels:
50 EMA: $2667
100 EMA: $2663
200 EMA: $2655
400 EMA: $2648
RSI Divergence
The Relative Strength Index (RSI) indicates a potential divergence, suggesting that while prices may rise, momentum may be weakening. This could signal a reversal or correction in the near term.
Order Blocks
Recent order blocks indicate strong buying interest around the $2655 level, suggesting that this may serve as a key support area for potential long positions.
MACD Analysis
The MACD is currently showing bullish momentum, but traders should be cautious as the histogram is flattening, indicating a potential slowing of the upward trend.
Fundamental Analysis and USD News
This week, important USD news includes the upcoming Federal Reserve meeting, where interest rate decisions will be made. This news can significantly impact Gold prices as a stronger USD typically leads to lower Gold prices. Keeping an eye on inflation reports and employment data will also be crucial for understanding market trends.
💡 Gold XAUUSD Daily Analysis Summary by K9 Investments Trading
For more insights, contact us on WhatsApp here and join our FREE Telegram Channel: @K9_Investments_GoldTrading.
Key Levels Summary
Daily Support and Resistance:
Support: $2650, $2640, $2625
Resistance: $2680, $2700, $2720
EMA Levels:
Daily EMA: 50 ($2660), 100 ($2655), 200 ($2645), 400 ($2630)
4-Hour EMA: 50 ($2667), 100 ($2663), 200 ($2655), 400 ($2648)
Weekly Pivots:
Pivot: $2665
Resistance: $2680, $2690
Support: $2650, $2640
Daily Pivots:
Pivot: $2665
Resistance: $2675, $2685
Support: $2655, $2645
Fibonacci Retracement Levels:
23.6%: $2675
38.2%: $2660
61.8%: $2650
FAQs
Why is K9 Investments the best signal provider? K9 Investments offers not only FREE signals but also educational resources, daily market analysis, and ebooks.
Which brokers are trusted for Gold Forex Crypto trading? Based on client feedback, we recommend brokers like:
How can I get free trading signals? You can get FREE signals by visiting our signals page.
What educational resources does K9 Investments provide? K9 Investments offers a range of educational resources including Free Gold Forex Trading Ebooks and Free K9 Trading Education Articles & Blog.
What are the benefits of trading Gold? Trading Gold provides a hedge against inflation and economic uncertainty, making it a popular choice among traders.
How often are the trading signals updated? Trading signals are updated daily to reflect the latest market conditions.
What is the best time to trade Gold? The best time to trade Gold is during the overlap of European and US trading sessions for maximum volatility.
How do I start trading with K9 Investments? To start trading, visit our about us page for more information.
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