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Intraday Signals
Currently, the live market price of Gold (XAUUSD) is 2611 USD. Here are two actionable intraday trading setups:
Buy Signal
Trade Entry: 2615 USD
Stop Loss: 2605 USD
Take Profit 1: 2625 USD
Take Profit 2: 2635 USD
Sell Signal
Trade Entry: 2605 USD
Stop Loss: 2615 USD
Take Profit 1: 2595 USD
Take Profit 2: 2585 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.
Market Analysis
Overview of Gold (XAUUSD)
Gold remains a favored asset among traders, especially in times of economic uncertainty. As we analyze the daily and 4-hour time frames today, we will utilize various indicators to provide a comprehensive market outlook.
Support & Resistance Levels
Daily Support Levels: 2600 USD, 2580 USD, 2560 USD
Daily Resistance Levels: 2620 USD, 2640 USD, 2660 USD
4-Hour Support Levels: 2605 USD, 2590 USD, 2580 USD
4-Hour Resistance Levels: 2615 USD, 2630 USD, 2645 USD
Fibonacci Retracement Levels
Using the daily swing levels, the key Fibonacci retracement levels are:
23.6%: 2620 USD
38.2%: 2605 USD
61.8%: 2580 USD
These levels indicate potential reversal points and can be used to gauge market sentiment.
Exponential Moving Averages (EMA)
Daily Time Frame
EMA 50: 2585 USD
EMA 100: 2570 USD
EMA 200: 2550 USD
EMA 400: 2520 USD
4-Hour Time Frame
EMA 50: 2610 USD
EMA 100: 2595 USD
EMA 200: 2585 USD
EMA 400: 2575 USD
RSI Divergence
The Relative Strength Index (RSI) indicates potential overbought or oversold conditions. Currently, the RSI shows a divergence, suggesting that the price may reverse soon.
Order Blocks
Identifying order blocks can help traders understand potential areas of interest where large orders may influence price movements. Key order blocks are observed around 2600 USD and 2620 USD.
MACD Analysis
The MACD indicator is showing bullish momentum, with the signal line crossing above the MACD line, suggesting a potential upward trend in the short term.
💡 Gold XAUUSD Daily Analysis Summary by K9 Investments Trading
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Key Levels Summary
Daily Support Levels: 2600 USD, 2580 USD, 2560 USD
Daily Resistance Levels: 2620 USD, 2640 USD, 2660 USD
4-Hour Support Levels: 2605 USD, 2590 USD, 2580 USD
4-Hour Resistance Levels: 2615 USD, 2630 USD, 2645 USD
EMA Levels Daily: 2585 USD (50), 2570 USD (100), 2550 USD (200), 2520 USD (400)
EMA Levels 4-Hour: 2610 USD (50), 2595 USD (100), 2585 USD (200), 2575 USD (400)
Weekly Pivots: 2620 USD, 2610 USD, 2600 USD
Daily Pivots: 2615 USD, 2605 USD, 2595 USD
Fibonacci Levels: 2620 USD, 2605 USD, 2580 USD
Fundamental Analysis and Upcoming USD News
This week, keep an eye on the upcoming US economic data releases, particularly the Non-Farm Payrolls and CPI reports. These indicators are crucial as they can significantly impact Gold prices, especially if they deviate from market expectations.
FAQs
Why is K9 Investments the best signal provider? K9 Investments offers not only FREE signals but also educational resources, daily market analysis, and ebooks.
Which brokers are trusted for Gold Forex Crypto trading? Based on client feedback, we recommend brokers like:
What are the benefits of using trading signals? Trading signals provide insights into market trends, helping traders make informed decisions without extensive analysis.
How can I improve my trading skills? Utilize our Free K9 Trading Education Articles & Blog to enhance your trading knowledge.
Are your signals reliable? Our signals are based on extensive market analysis and proven strategies, making them reliable for traders.
What is the best time to trade Gold? The best time to trade Gold is during market overlaps, particularly when both the London and New York sessions are active.
Can beginners use your signals? Yes, our signals are designed for traders of all levels, including beginners.
How often do you update your signals? We update our signals regularly to reflect the latest market conditions and trends.
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