Daily Forex Pivot Point 5A
This page will show readers Pivot point levels for Gold and Forex pairs, and how price may move for the day.
The 4 hour time frame will be our focus for today’s pivot point analysis.
XAUUSD Pivot 20th January, 2023 (06:21GMT):
Gold/XAUUSD 4HR TF:
The 4hr chart is currently showing that market price is Bullish.
Previous day close is 1931.55.
The opening price for today 19th January, 2023 is 1931.95.
As at the time of updating this page, XAUUSD current price is 1927.72.
Price may breakout higher towards Resistance 1 (1944 area) before jumping further to 1956 (Resistance 2).
Support 1, which is at the 1909 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1888 area).
The overall bias on the 4 hour chart is Bullish.
Find below computation results for XAUUSD Daily Pivot Point, Support and Resistance levels for 20th January, 2023.
RESISTANCE 3
1978.29
RESISTANCE 2
1956.64
RESISTANCE 1
1944.10
PIVOT
1922.45
SUPPORT 1
1909.91
SUPPORT 2
1888.26
SUPPORT 3
1875.72
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XAUUSD price Forecast for the Day, 20th January, 2023!
Current price for XAUUSD as at the time of updating this note is 1927.72.
Possible Resistance for the day is at 1899 (287 pips below current price).
1956 (282 pips above) and 1978 (502 pips above) are the possible Supports if XAUUSD price is to slide on the 20th January, 2023.
So what do you think? Will price hit Support first or will it hit the Resistance? Let’s have your reactions in the comment section below.
(Sign up with Exness to trade XAUUSD … https:/www.exness.com/a/t0q1u0q1)
One hour later.
Status: Trades closed in profit.
Forecast for the Week, 16th January to 20th January, 2023!
Closing price for last week is 1920.40.
The opening price for the week is 1921.77.
Possible Support for the Week is at 1865 (554 pips below the current week’s open price).
1958 (376 pips above) and 1994 (736 pips above) are the possible Resistances if XAUUSD price is to rise this week 16th January to 20th January, 2023.
So what do you think? Will price hit Support first or will it hit the Resistance? Let’s have your reactions in the comment section below.
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XAUUSD Pivot 19th January, 2023 (06:37 GMT):
Gold/XAUUSD 4HR TF:
The 4hr chart is currently showing that market price is Ranging.
Previous day close is 1903.90.
The opening price for today 19th January, 2023 is 1903.03.
As at the time of updating this page, XAUUSD current price is 1908.45.
Price may breakout higher towards Resistance 1 (1920 area) before jumping further to 1937 (Resistance 2).
Support 1, which is at the 1891 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1879 area).
The overall bias on the 4 hour chart is Ranging.
Find below computation results for XAUUSD Daily Pivot Point, Support and Resistance levels for 19th January, 2023.
RESISTANCE 3
1950.24
RESISTANCE 2
1937.98
RESISTANCE 1
1920.94
PIVOT
1908.68
SUPPORT 1
1891.64
SUPPORT 2
1879.38
SUPPORT 3
1862.34
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XAUUSD price Forecast for the Day, 19th January, 2023!
Current price for XAUUSD as at the time of updating this note is 1908.45.
Possible Resistance for the day is at 1885 (234 pips below current price).
1937 (284 pips above) and 1950 (415 pips above) are the possible Supports if XAUUSD price is to slide on the 19th January, 2023.
So what do you think? Will price hit Support first or will it hit the Resistance? Let’s have your reactions in the comment section below.
(Sign up with Exness to trade XAUUSD … https:/www.exness.com/a/t0q1u0q1)
Eight hours later.
Status: Trades closed in profits.
Forecast for the Week, 16th January to 20th January, 2023!
Closing price for last week is 1920.40.
The opening price for the week is 1921.77.
Possible Support for the Week is at 1865 (554 pips below the current week’s open price).
1958 (376 pips above) and 1994 (736 pips above) are the possible Resistances if XAUUSD price is to rise this week 16th January to 20th January, 2023.
So what do you think? Will price hit Support first or will it hit the Resistance? Let’s have your reactions in the comment section below.
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