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💬 WhatsApp K9 Investments Trading here for FREE Gold Forex Live Trade Setups & Market Analysis.
Current Market Overview
As of today, the live market price of gold (XAUUSD) stands at 2941 USD. This analysis aims to provide actionable intraday trading setups and a comprehensive market review using various technical indicators.
Market Analysis
Support & Resistance Levels
In the current market, identifying key support and resistance levels is crucial for successful trading.
Daily Support Levels: 2920 USD, 2900 USD, 2880 USD
Daily Resistance Levels: 2960 USD, 2980 USD, 3000 USD
Fibonacci Retracement Levels
Using Fibonacci retracement levels, we can identify potential reversal points. The daily swing high is at 3000 USD and the swing low at 2800 USD. Key levels to watch are:
23.6% Level: 2924 USD
38.2% Level: 2940 USD
61.8% Level: 2960 USD
Exponential Moving Averages (EMA)
The EMAs provide insight into the trend direction:
Daily Time Frame:
EMA 50: 2910 USD
EMA 100: 2895 USD
EMA 200: 2880 USD
EMA 400: 2850 USD
4-Hour Time Frame:
EMA 50: 2935 USD
EMA 100: 2920 USD
EMA 200: 2905 USD
EMA 400: 2890 USD
RSI Divergence
Currently, the RSI is showing signs of divergence, indicating potential exhaustion in the current trend. Monitoring this can help in making informed trading decisions.
Order Blocks
Key order blocks identified at 2925 USD and 2955 USD may act as significant support and resistance zones.
MACD Analysis
The MACD is currently bullish, signaling potential upward momentum. Traders should be cautious of any crossover that may indicate a reversal.
Fundamental Analysis and USD News
Upcoming important USD news includes the Federal Reserve's interest rate decision and employment data releases. These events can significantly affect gold prices, making it essential for traders to stay updated on economic indicators.
Summary of Key Levels
💡 Gold XAUUSD Daily Analysis Summary by K9 Investments Trading – Contact Us 🥇 Join our FREE Telegram Channel: @K9_Investments_GoldTrading
Key Levels:
Daily Support and Resistance:
Support: 2920 USD, 2900 USD, 2880 USD
Resistance: 2960 USD, 2980 USD, 3000 USD
Exponential Moving Average (EMA) Levels:
Daily: EMA 50: 2910 USD, EMA 100: 2895 USD, EMA 200: 2880 USD, EMA 400: 2850 USD
4-Hour: EMA 50: 2935 USD, EMA 100: 2920 USD, EMA 200: 2905 USD, EMA 400: 2890 USD
Weekly Pivots: 2950 USD, 2965 USD, 2980 USD
Daily Pivots: 2935 USD, 2945 USD, 2955 USD
Fibonacci Levels: 2924 USD, 2940 USD, 2960 USD
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