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💬 WhatsApp K9 Investments Trading here for FREE Gold Forex Live Trade Setups & Market Analysis.
Intraday Trading Setups
As of now, the live Gold (XAUUSD) price is 2648 USD. Below are two actionable intraday setups based on technical analysis and key levels.
Signal 1: Buy Setup
Trade Entry: 2650 USD
Stop Loss: 2635 USD
Take Profit 1: 2665 USD
Take Profit 2: 2680 USD
Signal 2: Sell Setup
Trade Entry: 2630 USD
Stop Loss: 2645 USD
Take Profit 1: 2615 USD
Take Profit 2: 2600 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
Weekly and 4-Hour Support & Resistance Levels
Weekly Support Levels:
2620 USD
2600 USD
2580 USD
Weekly Resistance Levels:
2660 USD
2680 USD
2700 USD
Fibonacci Retracement Levels
Based on the recent weekly swing high and low:
38.2% Level: 2655 USD
50% Level: 2640 USD
61.8% Level: 2625 USD
Exponential Moving Averages (EMA)
Weekly EMA Levels:
EMA 50: 2635 USD
EMA 100: 2610 USD
EMA 200: 2595 USD
EMA 400: 2570 USD
4-Hour EMA Levels:
EMA 50: 2642 USD
EMA 100: 2630 USD
EMA 200: 2620 USD
EMA 400: 2605 USD
RSI Divergence
The RSI is currently showing divergence on the 4-hour chart, indicating potential overbought conditions. This signals a possible short-term correction or reversal.
Order Blocks
Key order blocks identified on the 4-hour chart highlight strong buying zones near 2620 USD and selling zones around 2680 USD.
MACD Analysis
The MACD line has crossed above the signal line on the 4-hour chart, indicating bullish momentum in the short term.
Summary of Key Levels
💡 XAUUSD Weekly (16 Dec-20 Dec) Analysis Summary by K9 Investments Trading –WhatsApp K9 Investments
FREE Telegram Channel: @K9_Investments_GoldTrading
Key Levels:
Weekly Support and Resistance:
Support: 2620 USD, 2600 USD, 2580 USD
Resistance: 2660 USD, 2680 USD, 2700 USD
Exponential Moving Averages (EMA):
Weekly EMA: 2635 USD (50), 2610 USD (100), 2595 USD (200), 2570 USD (400)
4-Hour EMA: 2642 USD (50), 2630 USD (100), 2620 USD (200), 2605 USD (400)
Weekly Pivots:
Pivot Point: 2640 USD
Support: 2625 USD
Resistance: 2665 USD
Fibonacci Retracement Levels:
38.2%: 2655 USD
50%: 2640 USD
61.8%: 2625 USD
Fundamental Analysis and USD News
📈 Upcoming important USD news that could impact the Gold (XAUUSD) market includes:
Federal Reserve Interest Rate Decision: A rate hike could strengthen the USD, potentially putting downward pressure on Gold prices.
Non-Farm Payrolls: Strong job growth could lead to expectations of tighter monetary policy, reducing Gold demand.
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