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Current Market Price
The live market price of Gold (XAUUSD) is 2864 USD. Based on this price, we have identified two actionable intraday trading setups:
🔍 Market Analysis Section
Support & Resistance Levels
In the daily and 4-hour timeframes, we observe critical support and resistance levels that traders should consider:
Daily Support Levels: 2840 USD, 2820 USD, 2800 USD
Daily Resistance Levels: 2880 USD, 2900 USD, 2920 USD
4-Hour Support Levels: 2850 USD, 2835 USD, 2825 USD
4-Hour Resistance Levels: 2875 USD, 2890 USD, 2905 USD
Fibonacci Retracement Levels
Utilizing Fibonacci retracement levels from the recent swing high to low, we find:
Key Levels: 23.6% at 2870 USD, 38.2% at 2855 USD, and 61.8% at 2840 USD.
Exponential Moving Averages (EMA)
For the Daily Time Frame:
EMA (50): 2845 USD
EMA (100): 2830 USD
EMA (200): 2810 USD
EMA (400): 2785 USD
For the 4-Hour Time Frame:
EMA (50): 2860 USD
EMA (100): 2850 USD
EMA (200): 2840 USD
EMA (400): 2825 USD
RSI Divergence
The Relative Strength Index (RSI) indicates potential divergence, suggesting that price movements may not align with momentum, which could lead to reversals.
Order Blocks
Identifying order blocks in the recent price action provides insight into potential areas of support and resistance, crucial for making informed trading decisions.
MACD Analysis
The MACD indicator shows bullish momentum as the MACD line crosses above the signal line, indicating a possible upward trend.
💡 Gold XAUUSD Daily Analysis Summary by K9 Investments Trading
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📊 Key Levels Summary:
Daily Support Levels: 2840 USD, 2820 USD, 2800 USD
Daily Resistance Levels: 2880 USD, 2900 USD, 2920 USD
EMA Levels (Daily): 2845 USD, 2830 USD, 2810 USD, 2785 USD
EMA Levels (4-Hour): 2860 USD, 2850 USD, 2840 USD, 2825 USD
Weekly Pivots: 2855 USD, 2865 USD, 2875 USD
Daily Pivots: 2852 USD, 2862 USD, 2872 USD
Fibonacci Levels: 2870 USD, 2855 USD, 2840 USD
📈 Fundamental Analysis and USD News
Keep an eye on upcoming USD news, particularly the non-farm payrolls report and inflation data releases, as these can significantly impact Gold prices.
Disclaimer: 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 please ensure that you fully understand the risks involved and 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.
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