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XAUUSD Daily Market Analysis—December 13, 2024 by Kohinoor Free VIP Signals
- Kohinoor Free VIP Trading Signals
- Dec 13, 2024
- 3 min read
Updated: Feb 8
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Two Intraday Signals
Signal 1: Buy Signal
Trade Entry: 2685 USD
Stop Loss: 2675 USD
Take Profit 1: 2700 USD
Take Profit 2: 2720 USD
Signal 2: Sell Signal
Trade Entry: 2670 USD
Stop Loss: 2680 USD
Take Profit 1: 2655 USD
Take Profit 2: 2640 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
Current Gold Market Overview
As of December 13, 2024, the price of Gold (XAUUSD) stands at 2688 USD. The market continues to exhibit volatility influenced by various economic indicators, including upcoming USD news and market sentiment.
Support & Resistance Levels
Daily Support Levels: 2675 USD, 2660 USD, 2645 USD
Daily Resistance Levels: 2700 USD, 2720 USD, 2750 USD
Fibonacci Retracement Levels
Using the daily swing levels, the key Fibonacci retracement levels are:
23.6%: 2700 USD
38.2%: 2680 USD
61.8%: 2650 USD
Exponential Moving Averages (EMA)
Daily EMA Levels:
50 EMA: 2690 USD
100 EMA: 2675 USD
200 EMA: 2660 USD
400 EMA: 2650 USD
4-Hour EMA Levels:
50 EMA: 2685 USD
100 EMA: 2670 USD
200 EMA: 2660 USD
400 EMA: 2655 USD
RSI Divergence
The Relative Strength Index (RSI) currently shows divergence, indicating potential reversal points. A reading above 70 suggests overbought conditions, while below 30 indicates oversold conditions.
Order Blocks
Key order blocks have formed around the 2675 USD level, which may provide support for buyers. Observing price action around this level is crucial.
MACD Analysis
The MACD indicator shows a bullish crossover, signaling potential upward momentum in the short term. However, traders should remain cautious of sudden reversals.
💡 Gold XAUUSD Daily Analysis Summary by Kohinoor Free VIP Signals
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Key Levels Summary
Daily Support Levels: 2675 USD, 2660 USD, 2645 USD
Daily Resistance Levels: 2700 USD, 2720 USD, 2750 USD
EMA Levels (Daily): 50 EMA: 2690 USD, 100 EMA: 2675 USD, 200 EMA: 2660 USD, 400 EMA: 2650 USD
EMA Levels (4-Hour): 50 EMA: 2685 USD, 100 EMA: 2670 USD, 200 EMA: 2660 USD, 400 EMA: 2655 USD
Weekly Pivots: 2705 USD, 2680 USD, 2665 USD
Daily Pivots: 2695 USD, 2685 USD, 2670 USD
Fibonacci Levels: 2700 USD, 2680 USD, 2650 USD
Fundamental Analysis and Upcoming USD News
Upcoming USD news includes the Federal Reserve's interest rate decision and employment data releases, which could significantly impact Gold prices. Traders should stay updated on these events as they may cause increased volatility in the Gold market.
FAQs
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