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🟡 Gold XAUUSD Weekly Market Analysis 2nd-6th DEC 2024 by K9 Investments


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


Live Price: $2650


📈 Intraday Trading Signals for Gold XAUUSD

 Join our FREE Telegram Channel: @K9_Investments_GoldTrading

1️⃣ Buy Signal:

  • Entry: $2645

  • Stop Loss: $2635

  • Take Profit 1: $2660

  • Take Profit 2: $2675

2️⃣ Sell Signal:

  • Entry: $2665

  • Stop Loss: $2675

  • Take Profit 1: $2650

  • Take Profit 2: $2635

🔔 Disclaimer: 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 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.

🔍 Comprehensive Market Analysis

Gold XAUUSD Weekly Chart Analysis

Support & Resistance Levels

  • Weekly Support: $2630, $2590

  • Weekly Resistance: $2670, $2695

Fibonacci Retracement Levels

  • Swing High: $2695

  • Swing Low: $2590

    • 38.2%: $2640

    • 50.0%: $2645

    • 61.8%: $2655

Exponential Moving Averages (EMAs)

  • EMA 50: $2642

  • EMA 100: $2635

  • EMA 200: $2615

  • EMA 400: $2590

Indicators

  • RSI: Bullish divergence detected near $2630, suggesting upward momentum.

  • MACD: Histogram indicates bullish momentum, with crossover above the signal line.

  • Order Blocks: Demand zone around $2630, supply zone at $2670.

Gold XAUUSD 4-Hour Chart Analysis

Support & Resistance Levels

  • 4H Support: $2635, $2600

  • 4H Resistance: $2660, $2685

Fibonacci Retracement Levels

  • Swing High: $2665

  • Swing Low: $2600

    • 23.6%: $2635

    • 50.0%: $2633

    • 78.6%: $2658

Exponential Moving Averages (EMAs)

  • EMA 50: $2638

  • EMA 100: $2628

  • EMA 200: $2610

  • EMA 400: $2588

Indicators

  • RSI: Neutral, but approaching overbought zone near $2660.

  • MACD: Indicates slight bearish momentum.

  • Smart Money Concepts: Anticipate liquidity grab near $2670 before a downward retracement.

📊 Fundamental Analysis

Impact of Upcoming USD News

  • Non-Farm Payrolls (NFP): Expected volatility; a positive NFP could pressure gold prices lower.

  • Federal Reserve Speech: Potential hawkish comments may strengthen USD, impacting gold negatively.

  • PCE Inflation Data: Higher-than-expected data may result in a bearish sentiment for gold.

💡Gold XAUUSD Weekly Analysis Summary by K9 Investments

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading

XAUUSD

Key Levels to Watch

  • Weekly Support: $2630, $2590

  • Weekly Resistance: $2670, $2695

  • 4H Support: $2635, $2600

  • 4H Resistance: $2660, $2685

  • Weekly Pivots: $2620, $2655, $2680

  • Weekly Pivots: $2635, $2645, $2660

  • Fibonacci Levels: $2640, $2645, $2655

FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments offers FREE signals, Weekly market analysis, ebooks, and training resources, ensuring success in forex and gold trading.

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

Trusted brokers include:

3.How to start gold trading?

4.Is gold trading profitable?

Gold trading is profitable with the right signals, like those from K9 Investments.

5.How accurate are K9’s signals?

Our signals are over 95% accurate, verified by hundreds of traders worldwide.

6.What time is best for gold trading?

Peak volatility occurs during London and New York sessions.

7.Can I get signals on WhatsApp?

Yes, contact us at www.k9investmentstrading.com.

8.How do I join K9’s Telegram channel?

Join us for FREE at @K9_Investments_GoldTrading.

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