top of page
Writer's pictureK9 Investments
Oct 224 min read

🟡 Gold XAUUSD Daily Market Analysis 22nd OCT 2024 by K9 Investments Trading

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


Gold is currently trading at $2733


📊 Intraday Signals for Gold XAUUSD

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading


1️⃣ Buy Signal

  • Trade Entry: $2730

  • Stop Loss: $2720

  • Take Profit 1: $2745

  • Take Profit 2: $2760

2️⃣ Sell Signal

  • Trade Entry: $2740

  • Stop Loss: $2750

  • Take Profit 1: $2725

  • Take Profit 2: $2710

⚠️ 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 ensure that you fully understand the risks involved. 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.

🔍 Gold XAUUSD Market Analysis – Daily and 4hr Timeframes

Current Market Overview

Gold (XAUUSD) is experiencing significant movements around the $2733 mark as of today. Analyzing multiple timeframes with technical indicators like Fibonacci retracement, EMAs, and RSI divergence, we see potential price reversals and trend continuations.

Support & Resistance Levels

  • Daily Support Levels:

    • Strong: $2710

    • Moderate: $2680

  • Daily Resistance Levels:

    • Strong: $2765

    • Moderate: $2790

  • 4hr Support Levels:

    • $2720

    • $2700

  • 4hr Resistance Levels:

    • $2750

    • $2770

Technical Indicators Breakdown

📏 Fibonacci Retracement Levels

Based on the daily swing highs and lows:

  • 61.8% Retracement: $2740

  • 50% Retracement: $2733 (current price level)

  • 38.2% Retracement: $2720

These levels suggest potential reversal zones, especially at the 50% level, where price tends to react strongly.

📈 Exponential Moving Averages (EMA)

  • Daily EMAs:

    • EMA 50: $2705

    • EMA 100: $2690

    • EMA 200: $2655

    • EMA 400: $2630

  • 4hr EMAs:

    • EMA 50: $2725

    • EMA 100: $2710

    • EMA 200: $2695

    • EMA 400: $2675

Gold has been holding above the 50 EMA on both daily and 4hr timeframes, indicating bullish momentum. However, a break below these levels could signal a bearish trend.

💡 RSI Divergence

The RSI shows bullish divergence on the 4hr chart, with the price making lower lows, but the RSI making higher lows, suggesting a possible upward reversal.

🛠️ Order Blocks & Smart Money Concepts (SMC)

There is an order block around $2740 on the 4hr chart, which aligns with the 61.8% Fibonacci retracement level, indicating a potential resistance area for bears.

📊 MACD

The MACD on the daily timeframe shows a bullish crossover, confirming potential buying momentum as the price continues to test key resistance levels.

🔮 Fundamental Analysis & USD News

This week, important USD economic events include:

  • FOMC Meeting Minutes on Wednesday

  • US GDP Growth Rate (Q3) on Thursday

  • Non-Farm Payroll (NFP) data release next Friday

These events are crucial for the Gold (XAUUSD) market. With expectations of economic slowdown or potential rate changes, we could see increased volatility in the Gold market as investors hedge against USD inflation or dollar strength.

💡Gold XAUUSD Daily Analysis Summary by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading


XAUUSD

📌 Daily Key Levels:

  • Support Levels (Daily):

    • $2710, $2680

  • Resistance Levels (Daily):

    • $2765, $2790

📌 Daily EMA Levels:

  • EMA 50: $2705

  • EMA 100: $2690

  • EMA 200: $2655

  • EMA 400: $2630

📌 4hr Key Levels:

  • Support Levels (4hr):

    • $2720, $2700

  • Resistance Levels (4hr):

    • $2750, $2770

📌 4hr EMA Levels:

  • EMA 50: $2725

  • EMA 100: $2710

  • EMA 200: $2695

  • EMA 400: $2675

📌 Pivot Levels:

  • Weekly Pivots:

    • Support: $2720

    • Resistance: $2760

  • Daily Pivots:

    • Support: $2710

    • Resistance: $2750

📝 FAQs

1.Why is K9 Investments the best signal provider? K9 Investments offers FREE signals, daily market analysis, and Gold Forex Trading Ebooks to enhance your trading skills.

2Which brokers are trusted for Gold Forex Crypto trading?

Trusted brokers based on client feedback:

3.What is Smart Money Concepts (SMC)? SMC refers to how institutional traders position themselves in the market, with a focus on key zones like order blocks.


4.What is the best strategy for Gold trading?

Combining Fibonacci retracement, EMAs, and RSI divergence helps identify strong trade setups.

5.What are the risks involved in Forex trading? Forex carries high risks, especially in volatile markets like Gold. Always use strict risk management strategies.


6.What is XAUUSD in Forex?

XAUUSD represents the price of Gold (XAU) in terms of US Dollars (USD). In Forex trading, XAUUSD is a popular trading pair where traders speculate on gold's price movement against the USD. It's widely used for hedging, diversifying portfolios, or taking advantage of price fluctuations in the global market.


7.How can I perform XAUUSD TradingView technical analysis?

To perform XAUUSD technical analysis on TradingView, traders use tools like Fibonacci retracement, EMAs, RSI divergence, and support/resistance levels. TradingView provides advanced charting tools for analyzing gold's price trends, helping traders make informed decisions based on technical indicators and historical data.



Hashtags


8 views0 comments

コメント

bottom of page