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🟡 Gold XAUUSD Daily Market Analysis—December 3, 2024 by K9 Investments Trading

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


Two Intraday Signals for Gold XAUUSD

📊 Gold XAUUSD Intraday Signal 1

Live Market Price: 2640 USD


Buy Signal Trade Entry: 2640 USD

Stop Loss: 2620 USD

Take Profit 1: 2660 USD

Take Profit 2: 2680 USD


Rationale: The current price of 2640 USD is near the 50% Fibonacci retracement level on the daily chart. The 50 EMA is also providing support. The RSI is showing a bullish divergence, indicating a potential upward move. The MACD is in the positive territory, suggesting a buying opportunity.


📊 Gold XAUUSD Intraday Signal 2

Live Market Price: 2640 USD


Sell Signal Trade Entry: 2640 USD

Stop Loss: 2660 USD

Take Profit 1: 2620 USD

Take Profit 2: 2600 USD


Rationale: The price is currently at the 61.8% Fibonacci retracement level on the 4-hour chart. The 100 EMA is acting as resistance. The RSI is showing a bearish divergence, indicating a potential downward move. The MACD is in the negative territory, suggesting a selling opportunity.



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.


Gold Daily market analysis on 3rd December 2024

Market Analysis

📈 Daily Time Frame Analysis


Support & Resistance Levels:

  • Support Levels: 2620 USD, 2600 USD, 2580 USD

  • Resistance Levels: 2660 USD, 2680 USD, 2700 USD


Fibonacci Retracement Levels:

  • Daily Swing Levels: 2600 USD (38.2%), 2620 USD (50%), 2640 USD (61.8%)


Exponential Moving Averages (EMA):

  • 50 EMA: 2630 USD

  • 100 EMA: 2625 USD

  • 200 EMA: 2620 USD

  • 400 EMA: 2615 USD


RSI Divergence:

  • The RSI is showing a bullish divergence, indicating a potential upward move.


Order Blocks:

  • Bullish order blocks are forming around the 50% Fibonacci retracement level.


MACD:

  • The MACD is in the positive territory, suggesting a buying opportunity.



📈 4-Hour Time Frame Analysis


Support & Resistance Levels:

  • Support Levels: 2620 USD, 2600 USD, 2580 USD

  • Resistance Levels: 2660 USD, 2680 USD, 2700 USD


Exponential Moving Averages (EMA):

  • 50 EMA: 2635 USD

  • 100 EMA: 2630 USD

  • 200 EMA: 2625 USD

  • 400 EMA: 2620 USD


RSI Divergence:

  • The RSI is showing a bearish divergence, indicating a potential downward move.


Order Blocks:

  • Bearish order blocks are forming around the 61.8% Fibonacci retracement level.


MACD:

  • The MACD is in the negative territory, suggesting a selling opportunity.



📈 Weekly Pivots

  • Pivot Point (PP): 2640 USD

  • Resistance 1 (R1): 2660 USD

  • Resistance 2 (R2): 2680 USD

  • Support 1 (S1): 2620 USD

  • Support 2 (S2): 2600 USD


📈 Daily Pivots

  • Pivot Point (PP): 2640 USD

  • Resistance 1 (R1): 2660 USD

  • Resistance 2 (R2): 2680 USD

  • Support 1 (S1): 2620 USD

  • Support 2 (S2): 2600 USD



Summary

💡 Gold XAUUSD Daily Analysis Summary by K9 Investments Trading

🥇 FREE Telegram Channel: @K9_Investments_GoldTrading


Key Levels:

  • Daily Support: 2620 USD, 2600 USD, 2580 USD

  • Daily Resistance: 2660 USD, 2680 USD, 2700 USD

  • 4-Hour Support: 2620 USD, 2600 USD, 2580 USD

  • 4-Hour Resistance: 2660 USD, 2680 USD, 2700 USD

  • 50 EMA (Daily): 2630 USD

  • 100 EMA (Daily): 2625 USD

  • 200 EMA (Daily): 2620 USD

  • 400 EMA (Daily): 2615 USD

  • 50 EMA (4-Hour): 2635 USD

  • 100 EMA (4-Hour): 2630 USD

  • 200 EMA (4-Hour): 2625 USD

  • 400 EMA (4-Hour): 2620 USD

  • Weekly Pivots: PP: 2640 USD, R1: 2660 USD, R2: 2680 USD, S1: 2620 USD, S2: 2600 USD

  • Daily Pivots: PP: 2640 USD, R1: 2660 USD, R2: 2680 USD, S1: 2620 USD, S2: 2600 USD

  • Fibonacci Retracement Levels: 38.2%: 2600 USD, 50%: 2620 USD, 61.8%: 2640 USD


Fundamental Analysis and USD News

Upcoming Important USD News:

  • US Non-Farm Payrolls (NFP): December 5, 2024

  • US Federal Reserve Interest Rate Decision: December 12, 2024

  • US Consumer Price Index (CPI): December 13, 2024


These events can significantly impact the Gold (XAUUSD) market. Traders should monitor these news releases closely and adjust their positions accordingly.



FAQs

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4.What is the best time to trade Gold (XAUUSD)?

The best time to trade Gold (XAUUSD) is during the London and New York sessions, which overlap from 8:00 AM to 12:00 PM EST. This period sees the highest liquidity and volatility. 📊


5.How can I improve my trading skills?

Improving your trading skills involves continuous learning and practice. We offer a range of educational resources, including free ebooks, articles, and videos. Check out our Level 1 Forex Trading Educational Videos for beginners. 📚


6.What is the risk management strategy for Gold (XAUUSD)?

Effective risk management involves setting strict stop losses, taking partial profits, and using position sizing. Always trade with a plan and stick to it. 🛡️


7.How do I join the K9 Investments Telegram Channel?

To join our FREE Telegram Channel, simply follow this link: @K9_Investments_GoldTrading. You can also get more information about us on our website.



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