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🟡 Gold XAUUSD Daily Market Analysis – November 21, 2024

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


 The current Gold XAUUSD live market price of 2657 USD


📊 Intraday Signals for XAUUSD

🥇 FREE Gold Crypto Forex Trading Signals Telegram Channel: @K9_Investments_GoldTrading

Signal 1: Buy Trade Setup

  • Entry: 2652 USD

  • Stop Loss: 2640 USD

  • Take Profit 1: 2665 USD

  • Take Profit 2: 2675 USD

Signal 2: Sell Trade Setup

  • Entry: 2667 USD

  • Stop Loss: 2675 USD

  • Take Profit 1: 2655 USD

  • Take Profit 2: 2645 USD

💡 Risk Warning: Trading Forex and CFDs carries significant risks. Only trade with money you can afford to lose. Use strict stop-loss and proper risk management. Not financial advice.


🔍Daily Gold XAUUSD Market Analysis by K9 Investments

Technical Overview

Today's market analysis for Gold (XAUUSD) is based on the daily and 4-hour timeframes, leveraging tools like Fibonacci Retracement, EMAs, RSI, and MACD.

Key Indicators and Levels:

  1. Support and Resistance:

    • Daily Support Levels:

      • 2640 USD

      • 2625 USD

    • Daily Resistance Levels:

      • 2665 USD

      • 2680 USD

    • 4-Hour Support Levels:

      • 2645 USD

      • 2630 USD

    • 4-Hour Resistance Levels:

      • 2670 USD

      • 2685 USD

  2. Fibonacci Retracement Levels (Daily Swing):

    • 61.8% Retracement: 2640 USD

    • 50% Retracement: 2650 USD

    • 38.2% Retracement: 2660 USD

  3. Exponential Moving Averages (EMA):

    • Daily Time Frame:

      • EMA 50: 2645 USD

      • EMA 100: 2635 USD

      • EMA 200: 2610 USD

      • EMA 400: 2580 USD

    • 4-Hour Time Frame:

      • EMA 50: 2655 USD

      • EMA 100: 2665 USD

      • EMA 200: 2678 USD

      • EMA 400: 2688 USD

  4. RSI Divergence:

    • RSI is near 60, signaling mild bullish momentum. However, divergence at higher levels suggests caution for overbought conditions near 2670 USD.

  5. Order Blocks:

    • A significant buy order block at 2630–2640 USD may act as a strong support zone.

  6. MACD:

    • Bullish crossover on the 4-hour timeframe, confirming upward momentum.

Fundamental Insights:

Gold prices are influenced by upcoming USD-related news, including:

  • FOMC Meeting Minutes (Nov 22) – Potential impact on USD strength.

  • US Initial Jobless Claims (Nov 23) – Could create volatility in Gold prices.

These events are expected to add significant price action to XAUUSD.

💡Gold XAUUSD Daily Analysis Summary by K9 Investments

🥇 FREE Gold Crypto Forex Trading Signals Telegram Channel: @K9_Investments_GoldTrading

XAUUSD

Key Levels for November 21, 2024:

Support and Resistance:

  • Daily Support Levels: 2640 USD, 2625 USD

  • Daily Resistance Levels: 2665 USD, 2680 USD

EMA Levels:

  • Daily Time Frame:

    • EMA 50: 2645 USD

    • EMA 100: 2635 USD

    • EMA 200: 2610 USD

    • EMA 400: 2580 USD

  • 4-Hour Time Frame:

    • EMA 50: 2655 USD

    • EMA 100: 2665 USD

    • EMA 200: 2678 USD

    • EMA 400: 2688 USD

Pivot Levels:

  • Weekly Pivots:

    • R1: 2670 USD

    • Pivot: 2650 USD

    • S1: 2630 USD

  • Daily Pivots:

    • R1: 2660 USD

    • Pivot: 2650 USD

    • S1: 2640 USD

FAQs

1. Why is K9 Investments the best signal provider?

K9 Investments offers FREE trading signals, educational resources, and in-depth daily market analysis. Get your free eBooks here: FREE Gold Forex Trading eBooks.


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

We recommend:

3. What is the best way to start trading XAUUSD?

Begin with a trusted broker and follow our Level 1 Forex Trading Educational Videos.


4. How accurate are K9 Investments’ signals?

Our signals boast an accuracy rate of over 95%.


5. Do you provide educational resources for traders?


6. Is it safe to trade XAUUSD with $100?

Yes, with proper risk management and a reliable broker like Ex ness.


7. What are the risks of trading gold?

Gold trading is volatile. Use strict stop-loss and proper risk management.


8. How can I join the K9 Investments FREE Telegram channel?

Join here: @K9_Investments_GoldTrading.



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