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US30 Daily Market Analysis 31st Oct 2024 by Kohinoor Free VIP Trading

  • Kohinoor Free VIP Trading Signals
  • Oct 31, 2024
  • 3 min read

Updated: Feb 15

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US30 Live Market Update is trading at 42,092 USD


🚀 Intraday Signals (US30)

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Buy Setup:

  • Trade Entry: 32,500

  • Stop Loss: 32,200

  • Take Profit 1: 32,800

  • Take Profit 2: 33,100

Sell Setup:

  • Trade Entry: 32,000

  • Stop Loss: 32,300

  • Take Profit 1: 31,700

  • Take Profit 2: 31,400

💡 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital. Please read and understand our Risk Disclosure. Trade responsibly.


🔍 US30 Daily Market Technical Analysis

Today’s US30 analysis focuses on both daily and 4-hour timeframes, utilizing key technical indicators such as Fibonacci retracement levels, EMAs, RSI divergence, and Smart Money Concepts (SMC). This comprehensive analysis will help traders in Dubai, Singapore, India, Australia, Germany, and the Netherlands gain actionable insights for their trades.

1️⃣ Support and Resistance Levels

Daily Time Frame:

  • Support: 31,850

  • Resistance: 32,700

4-Hour Time Frame:

  • Support: 31,500

  • Resistance: 32,900

2️⃣ Fibonacci Retracement Levels

We see a strong retracement from the 32,600 high to the 31,850 low. Here are the key levels:

  • 23.6% Fib Level: 32,000

  • 38.2% Fib Level: 32,200

  • 61.8% Fib Level: 32,450

These retracement levels are critical for identifying potential reversal zones in today's market.


3️⃣ Exponential Moving Averages (EMA)

Daily EMA Levels

  • 50 EMA: 32,100

  • 100 EMA: 31,900

  • 200 EMA: 31,500

  • 400 EMA: 31,200

4-Hour EMA Levels

  • 50 EMA: 32,300

  • 100 EMA: 32,000

  • 200 EMA: 31,800

  • 400 EMA: 31,500

The price is currently trading around the 50 EMA on both the daily and 4-hour charts, signaling potential consolidation before a breakout.


4️⃣ RSI Divergence

We are observing RSI divergence on the 4-hour chart, indicating a possible bullish reversal if the RSI moves above 50. The daily RSI is hovering around 45, signaling a neutral to slightly bearish sentiment, but a break above 50 could trigger buying momentum.


5️⃣ Order Blocks & MACD

Significant order blocks are identified at 31,500 and 32,700, providing potential areas for entry. The MACD shows weakening bearish momentum on the daily chart, with the signal line crossing above the MACD line, hinting at a potential upside.



🔑 Key Levels Summary

💡 Daily Analysis Summary by K9 Investments Trading 

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US30

  • Support & Resistance Levels:

    • Daily Support: 31,850

    • Daily Resistance: 32,700

    • 4-hour Support: 31,500

    • 4-hour Resistance: 32,900


  • EMA Levels (Daily):

    • 50 EMA: 32,100

    • 100 EMA: 31,900

    • 200 EMA: 31,500

    • 400 EMA: 31,200

  • EMA Levels (4-Hour):

    • 50 EMA: 32,300

    • 100 EMA: 32,000

    • 200 EMA: 31,800

    • 400 EMA: 31,500

  • Weekly Pivots:

    • Pivot 1: 31,900

    • Pivot 2: 32,200

    • Pivot 3: 32,500

  • Daily Pivots:

    • Pivot 1: 32,000

    • Pivot 2: 32,300

    • Pivot 3: 32,500

📈 Fundamental Analysis & USD News

This week, we’re keeping a close eye on the US Non-Farm Payrolls (NFP) report set to release on Friday, November 3rd, 2024. A strong NFP figure could drive the US30 higher, while a weaker report may lead to a bearish pullback. Additionally, ISM Manufacturing PMI data is expected, which could add to volatility.

Stay informed about the latest market developments and trade accordingly.


📑 FAQs

1. Why is Kohinoor Free VIP Trading the best signal provider?

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Traders also benefit from real-time trade setups via our FREE Telegram Channel.


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Based on client feedback, we recommend:

3.How can I join the Kohinoor Free VIP Trading FREE Telegram Channel?

Join us on Telegram at @K9_Investments_GoldTrading for free trade setups and market analysis.


4.What types of signals does Kohinoor Free VIP Trading provide?

K9 Investments offers Gold, Forex, Crypto, and US30 signals, all backed by detailed analysis.


5.What’s the best strategy for using signals?

Apply proper risk management, set strict stop losses, and take partial profits to maximize results.


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