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Writer's pictureK9 Investments
Nov 63 min read

🟡 Gold XAUUSD Daily Market Analysis – 6th NOV 2024 by K9 Investments Trading

💬 WhatsApp us at K9 Investments Trading for FREE Gold Forex live trade setups, market analysis, and daily insights.


Current Market Price: 2735 USD


📈 Gold XAUUSD Intraday Signals by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading


Intraday Signal 1 - Buy Setup:

  • Entry: 2730 USD

  • Stop Loss: 2722 USD

  • Take Profit 1: 2745 USD

  • Take Profit 2: 2755 USD

Intraday Signal 2 - Sell Setup:

  • Entry: 2738 USD

  • Stop Loss: 2744 USD

  • Take Profit 1: 2725 USD

  • Take Profit 2: 2715 USD

📢 Risk Warning: Trading Forex and CFDs carries a high level of risk. Only trade with money you can afford to lose. Please read our Risk Disclosure. Not Financial Advice. Trade at your own risk, use strict stop losses, and practice proper risk management.


🔍 Gold XAUUSD Market Analysis

Overview of Key Technical Indicators

1. Support & Resistance Levels

  • Daily Support Levels: 2720, 2700

  • Daily Resistance Levels: 2750, 2780

  • 4-Hour Support Levels: 2728, 2710

  • 4-Hour Resistance Levels: 2738, 2755

2. Fibonacci Retracement Levels

  • Daily Swing High: 2765

  • Daily Swing Low: 2705

  • Retracement Levels: 23.6% (2737), 38.2% (2725), 61.8% (2712)

3. EMA (Exponential Moving Averages)

  • Daily EMAs:

    • EMA 50: 2725

    • EMA 100: 2718

    • EMA 200: 2705

    • EMA 400: 2685

  • 4-Hour EMAs:

    • EMA 50: 2732

    • EMA 100: 2728

    • EMA 200: 2715

    • EMA 400: 2700

4. RSI Divergence

RSI currently showing bullish divergence on the daily, indicating a possible upward movement if the price sustains above key support levels.

5. Order Blocks and MACD Analysis

  • Order Block on Daily: Strong demand observed around the 2720 level, offering a potential buy opportunity.

  • MACD: Convergence observed on the 4-hour chart, suggesting momentum toward the upside if the price remains above the 2720 support.

📅 Fundamental Analysis and USD News

This week, keep an eye on the U.S. Non-Farm Payrolls and Federal Reserve announcements. Positive USD news may drive gold prices lower, while weaker data could lead to an upward push for XAUUSD. Follow K9 Investments on our free Telegram channel for live updates on how these events impact the market.


💡 Gold XAUUSD Daily Analysis Summary by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading


Key Levels Summary:

  • Daily Support: 2720, 2700

  • Daily Resistance: 2750, 2780

  • 4-Hour Support: 2728, 2710

  • 4-Hour Resistance: 2738, 2755

  • Daily EMAs (50/100/200/400): 2725, 2718, 2705, 2685

  • 4-Hour EMAs (50/100/200/400): 2732, 2728, 2715, 2700

  • Weekly Pivots: 2725, 2745, 2765

  • Daily Pivots: 2730, 2738, 2746

  • Fibonacci Levels: 23.6% (2737), 38.2% (2725), 61.8% (2712)

📑 FAQs

1.Why is K9 Investments the best signal provider?

k9 Investments offers FREE signals and daily insights, along with educational resources to empower traders.

2.Which brokers are trusted for Gold Forex Crypto trading?

We recommend the following brokers:

3.How accurate are K9 Investments’ signals?

Our signals have an average accuracy rate of over 95%, making them one of the most reliable choices for traders globally.

4.What are the key benefits of K9 Investments' FREE VIP signals?

K9 Investments provides high-quality signals, including Forex, Gold, and Crypto signals, along with market analysis and trading education.


5.Do you offer trading education for beginners?


6.How does the USD affect Gold (XAUUSD)?

Gold typically moves inversely to the USD. A strong USD may lower gold prices, while a weaker USD could push XAUUSD higher.


7.What is the latest Gold trading news today?

Gold prices are fluctuating due to ongoing global economic uncertainty, inflation concerns, and geopolitical tensions. Traders are closely monitoring central bank policies, especially the Federal Reserve's stance on interest rates, which impacts Gold’s appeal as a safe-haven asset.


8.What is a good XAUUSD day trading strategy?

A solid XAUUSD day trading strategy involves using technical indicators like Fibonacci retracement and RSI divergence to identify key entry and exit points. Combining these with strong support and resistance levels helps capture intraday price movements effectively.



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