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US30 Daily Market Analysis—December 24, 2024 by K9 Investments Trading

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

Current Market Overview

As of today, the live market price of the US30 index is 42,846 USD. This analysis will provide you with actionable trading signals and a detailed market overview, including key levels, indicators, and upcoming news that may affect the market.

Intraday Trading Signals

Signal 1: Buy Setup

  • Trade Entry: 42,860 USD

  • Stop Loss: 42,700 USD

  • Take Profit 1: 43,000 USD

  • Take Profit 2: 43,200 USD

Signal 2: Sell Setup

  • Trade Entry: 42,800 USD

  • Stop Loss: 42,950 USD

  • Take Profit 1: 42,600 USD

  • Take Profit 2: 42,400 USD

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 here. Not Financial Advice. Trade at your own risk. Take Partial Profits, Use Strict Stop Loss, and Proper Risk Management.

Market Analysis

Support & Resistance Levels

  • Daily Support Levels:

    • 1st Level: 42,700 USD

    • 2nd Level: 42,500 USD

    • 3rd Level: 42,300 USD

  • Daily Resistance Levels:

    • 1st Level: 43,000 USD

    • 2nd Level: 43,200 USD

    • 3rd Level: 43,500 USD

Fibonacci Retracement Levels

The daily Fibonacci retracement levels show significant swing levels, with the following key levels identified:

  • 23.6%: 42,900 USD

  • 38.2%: 42,750 USD

  • 61.8%: 42,500 USD

Exponential Moving Averages (EMA)

  • Daily EMA Levels:

    • 50 EMA: 42,900 USD

    • 100 EMA: 42,800 USD

    • 200 EMA: 42,600 USD

    • 400 EMA: 42,300 USD

  • 4-Hour EMA Levels:

    • 50 EMA: 42,850 USD

    • 100 EMA: 42,750 USD

    • 200 EMA: 42,600 USD

    • 400 EMA: 42,400 USD

RSI Divergence

The RSI indicates potential bullish divergence, suggesting that the price may be set to rise in the short term, especially if it holds above the 30 level.

Order Blocks

Order blocks indicate areas where institutional buying and selling have occurred. Key order blocks are located around the 42,800 USD and 43,200 USD levels, providing potential entry points.

MACD

The MACD is currently showing a bullish crossover, indicating upward momentum. Traders should watch for confirmation before entering positions.


the mind map summarizing the US30 Daily Analysis for December 24, 2024, by K9 Investments Trading

Summary

💡 US30 Daily Analysis Summary by K9 Investments Trading – WhatsApp K9 Investments Trading 🥇 Join our FREE Telegram Channel: @K9_Investments_GoldTrading

Key Levels

  • Daily Support Levels: 42,700 USD, 42,500 USD, 42,300 USD

  • Daily Resistance Levels: 43,000 USD, 43,200 USD, 43,500 USD

Exponential Moving Averages (EMA)

  • Daily EMA Levels:

    • 50 EMA: 42,900 USD

    • 100 EMA: 42,800 USD

    • 200 EMA: 42,600 USD

    • 400 EMA: 42,300 USD

  • 4-Hour EMA Levels:

    • 50 EMA: 42,850 USD

    • 100 EMA: 42,750 USD

    • 200 EMA: 42,600 USD

    • 400 EMA: 42,400 USD

Weekly Pivots

  • Weekly Pivot Levels:

    • 1st Level: 42,900 USD

    • 2nd Level: 43,100 USD

    • 3rd Level: 43,300 USD

Daily Pivots

  • Daily Pivot Levels:

    • 1st Level: 42,850 USD

    • 2nd Level: 42,750 USD

    • 3rd Level: 42,600 USD

Fibonacci Retracement Levels

  • Key Levels:

    • 23.6%: 42,900 USD

    • 38.2%: 42,750 USD

    • 61.8%: 42,500 USD

Fundamental Analysis and USD News

📈 Stay tuned for important USD news that may impact the US30 market, including upcoming economic reports and Federal Reserve announcements. These events can introduce volatility and trading opportunities.

FAQs

  1. Why is K9 Investments the best signal provider? K9 Investments offers not only FREE signals but also educational resources, daily market analysis, and ebooks.

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  3. What are Forex signals? Forex signals are trade ideas based on market analysis, providing entry and exit points for traders.

  4. How can I improve my trading skills? Utilize our Free K9 Trading Education Articles & Blog for valuable insights and strategies.

  5. What is the best time to trade Forex? The best time to trade Forex is during market overlaps, particularly when major markets like London and New York are open simultaneously.

  6. Are trading signals free? Yes, K9 Investments provides FREE signals along with premium options for advanced traders.

  7. How do I manage risk in Forex trading? Use strict stop-loss orders and only risk a small percentage of your capital on each trade.

  8. Where can I find more trading resources? Check out our Free Gold Forex Trading Ebooks for more resources.

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