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Writer's pictureK9 Investments
Nov 73 min read

🟡 Gold XAUUSD Daily Market Analysis 7th NOV 2024 by K9 Investments Trading


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


current Gold (XAUUSD) market live price at $2658


Gold XAUUSD Intraday Signals by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

Intraday Signal 1: Buy Signal

  • Entry Price: $2658 (current market price)

  • Stop Loss: $2642

  • Take Profit 1: $2678

  • Take Profit 2: $2689

Intraday Signal 2: Sell Signal

  • Entry Price: $2658

  • Stop Loss: $2674

  • Take Profit 1: $2640

  • Take Profit 2: $2631

⚠️ Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital. Please trade only with money you can afford to lose. 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 Daily Market Analysis by K9 Investments

Overview of the Market

On the daily and 4-hour time frames, Gold is influenced by significant support and resistance levels, along with crucial Fibonacci retracement and EMA indicators. With the current price at $2658, here’s our in-depth analysis for today:

Key Support & Resistance Levels

  • Daily Support: $2640, $2631

  • Daily Resistance: $2678, $2695

  • 4-Hour Support: $2648, $2635

  • 4-Hour Resistance: $2672, $2685

Fibonacci Retracement Levels

  • Daily Swing Levels: 23.6% at $2645, 38.2% at $2665, 61.8% at $2682

Exponential Moving Averages (EMA)

  • Daily EMA Levels:

    • EMA 50: $2645

    • EMA 100: $2638

    • EMA 200: $2670

    • EMA 400: $2689

  • 4-Hour EMA Levels:

    • EMA 50: $2650

    • EMA 100: $2640

    • EMA 200: $2668

    • EMA 400: $2679

RSI Divergence Analysis

The RSI (Relative Strength Index) on the daily chart shows a divergence, indicating potential trend reversals around $2640 and $2678.


Order Blocks and Smart Money Concepts (SMC)

The 4-hour chart reveals an order block near $2650, signaling a demand zone that could push prices up if tested.


MACD Analysis

The MACD histogram shows a bullish crossover on the 4-hour chart, suggesting potential buying momentum if the price maintains support above $2650.


💡 Gold XAUUSD Daily Analysis Summary by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading Get 60+ Free eBooks: https://www.k9investmentstrading.com/free-gold-forex-trading-ebooks

XAUUSD

📊 Summary of Key Levels:

  • Daily Support Levels: $2640, $2631

  • 4-Hour Support Levels: $2648, $2635

  • Daily Resistance Levels: $2678, $2695

  • 4-Hour Resistance Levels: $2672, $2685

    EMA Levels:

    • Daily: EMA 50 ($2645), EMA 100 ($2638), EMA 200 ($2670), EMA 400 ($2689)

    • 4-Hour: EMA 50 ($2650), EMA 100 ($2640), EMA 200 ($2668), EMA 400 ($2679)

  • Weekly Pivots: 2675, 2655, 2635

  • Daily Pivots: 2668, 2658, 2645

📈 Upcoming USD News Impact on Gold (XAUUSD) Market

This week, upcoming USD-related events, including the U.S. Consumer Price Index (CPI) and Federal Reserve speech, may influence Gold prices, impacting potential volatility and price direction.


FAQs

1.Why is K9 Investments the Best Signal Provider?

K9 Investments offers free, highly accurate signals along with educational resources, daily market analysis, and free trading eBooks. Our insights cater to all levels of traders and are designed to provide value beyond mere signals.


2.Which Brokers are Trusted for Gold Forex Crypto Trading?

Based on our research, we recommend the following brokers:

3.How Accurate Are K9 Investments’ Gold Trading Signals?

Our signals maintain a high level of accuracy, based on thorough technical analysis and up-to-date indicators.

4.Is There a Cost for K9 Investments Signals?

We offer a Free VIP Signals Service for new traders.


5.What Indicators Does K9 Investments Use for Analysis?

Our analysis uses EMA, Fibonacci levels, support and resistance zones, MACD, and RSI for detailed insights.


6.What is the best XAUUSD trading strategy today?

The best XAUUSD trading strategy today involves analyzing key support and resistance levels alongside daily moving averages (50/100/200 EMA) to find high-probability entry and exit points. Additionally, keeping an eye on price action and RSI divergence helps identify potential reversals and trend continuations.


7.Where can I find the latest gold trading news now?

For the latest gold trading news now, check trusted financial news sources, as well as live updates from K9 Investments’ FREE Telegram channel, where we provide real-time XAUUSD market insights and trade setups.


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