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Current Market Overview
Today, the live market price of Gold (XAUUSD) stands at 2716 USD. This analysis will provide you with two actionable intraday trading setups based on this price level, utilizing various technical indicators to guide your trading decisions.
Comprehensive Market Analysis
Support & Resistance Levels
In our analysis, we identify key support and resistance levels on both daily and 4-hour timeframes.
Daily Support: 2700 USD
Daily Resistance: 2740 USD
4-Hour Support: 2710 USD
4-Hour Resistance: 2725 USD
Fibonacci Retracement Levels
Utilizing Fibonacci retracement levels, we observe that the daily swing levels indicate significant retracement points at 2695 USD (23.6% level) and 2745 USD (61.8% level).
Exponential Moving Averages (EMA)
The following EMA levels are crucial for our analysis:
Daily EMA Levels:
EMA 50: 2705 USD
EMA 100: 2712 USD
EMA 200: 2720 USD
EMA 400: 2735 USD
4-Hour EMA Levels:
EMA 50: 2710 USD
EMA 100: 2715 USD
EMA 200: 2720 USD
EMA 400: 2728 USD
RSI Divergence
The RSI indicator currently shows a divergence pattern, suggesting potential reversals at overbought or oversold conditions. This is critical for determining entry and exit points.
Order Blocks
Identifying order blocks reveals areas where significant buying or selling has occurred, providing insight into potential future price movements.
MACD Analysis
The MACD indicator indicates a bullish crossover, suggesting upward momentum in the near term.
Fundamental Analysis and USD News
Upcoming significant USD news, such as interest rate decisions and employment data releases, can greatly impact the Gold market. Traders should stay informed about these events to manage their positions effectively.
Summary: Gold XAUUSD Daily Analysis Summary by K9 Investments Trading
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Key Levels Summary
Daily Support and Resistance:
Support: 2700 USD
Resistance: 2740 USD
4-Hour Support and Resistance:
Support: 2710 USD
Resistance: 2725 USD
EMA Levels:
Daily: 50 (2705), 100 (2712), 200 (2720), 400 (2735)
4-Hour: 50 (2710), 100 (2715), 200 (2720), 400 (2728)
Weekly Pivots:
Pivot 1: 2710 USD
Pivot 2: 2725 USD
Pivot 3: 2740 USD
Daily Pivots:
Pivot 1: 2705 USD
Pivot 2: 2715 USD
Pivot 3: 2730 USD
Fibonacci Levels:
2695 USD (23.6%)
2745 USD (61.8%)
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FAQs
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