Daily Forex Pivot Point 5C
This page will show readers Pivot point levels for Gold and Forex pairs, and how prices may move for the day.
The 4 hour time frame will be our focus for today’s pivot point analysis.
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XAUUSD Pivot 17th February, 2023 (06:25 GMT):
Gold/XAUUSD 4HR TF:
The 4hr chart for XAUUSD Pivot point analysis is currently showing that market price is Bearish.
Previous day close is 1836.11.
The opening price for today 17th February, 2023 is 1835.15.
As at the time of updating this page, XAUUSD current price around the pivot point is 1823.43
Price may breakout higher towards Resistance 1 (1845 area) before jumping further to 1853 (Resistance 2).
Support 1, which is at the 1827 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1818 area).
The overall bias on the 4 hour chart is Bearish.
Find below computation results for XAUUSD Daily Pivot Point, Support and Resistance levels for 17th February, 2023.
RESISTANCE 3
1862.66
RESISTANCE 2
1853.90
RESISTANCE 1
1845.00
PIVOT
1836.24
SUPPORT 1
1827.34
SUPPORT 2
1818.58
SUPPORT 3
1809.68
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XAUUSD price Forecast for the Day, 17th February, 2023!
Current price for XAUUSD as at the time of updating this note is 1823.43.
Possible Resistance for the day is at 1853 (295 pips above current price).
1818 (54 pips above) and 1809 (144 pips above) are the possible Supports if XAUUSD price is to slide on the 17th February, 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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With the Pivot point at 1836.24, XAUUSD is expected to slide today 17th Feb 2023 from 1823.43 area, covering at least 100 pips.
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Forecast for the Week, 13th February to 17th February, 2023!
Closing price for last week is 1865.08.
Opening price for the week is 1866.41.
Possible Resistance for the Week is at 1899 (325 pips below the current week’s open price).
1831 (354 pips above) and 1810 (564 pips above) are the possible Supports if XAUUSD price is to slide this week 13th February to 17th February, 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 16th February, 2023 (06:53 GMT):
Gold/XAUUSD 4HR TF:
The 4hr chart for XAUUSD Pivot point analysis is currently showing that market price is Bearish.
Previous day close is 1835.94.
The opening price for today 16th February, 2023 is 1836.33.
As at the time of updating this page, XAUUSD current price around the pivot point is 1838.21
Price may breakout higher towards Resistance 1 (1853 area) before jumping further to 1871 (Resistance 2).
Support 1, which is at the 1824 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1812 area).
The overall bias on the 4 hour chart is Bearish.
Find below computation results for XAUUSD Daily Pivot Point, Support and Resistance levels for 16th February, 2023.
RESISTANCE 3
1883.45
RESISTANCE 2
1871.69
RESISTANCE 1
1853.81
PIVOT
1842.05
SUPPORT 1
1824.17
SUPPORT 2
1812.41
SUPPORT 3
1794.53
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XAUUSD Pivot 30th January, 2023 (07:50 GMT):
Gold/XAUUSD 4HR TF:
The 4hr chart is currently showing that market price is Ranging.
Previous day close is 1928.27.
The opening price for today 30th January, 2023 is 1926.65.
As at the time of updating this page, XAUUSD current price is 1929.80.
Price may breakout higher towards Resistance 1 (1936 area) before jumping further to 1945 (Resistance 2).
Support 1, which is at the 1918 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1907 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 30th January, 2023.
RESISTANCE 3
1955.25
RESISTANCE 2
1945.10
RESISTANCE 1
1936.68
PIVOT
1926.53
SUPPORT 1
1918.11
SUPPORT 2
1907.96
SUPPORT 3
1899.54
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XAUUSD price Forecast for the Day, 30th January, 2023!
Current price for XAUUSD as at the time of updating this note is 1929.80.
Possible Resistance for the day is at 1941 (112 pips below current price).
1907 (228 pips above) and 1899 (308 pips above) are the possible Resistances if XAUUSD price is to rise on the 30th 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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After a day.
Status: Trades closed in profit.
Forecast for the Week, 30th January to 3rd February, 2023!
Closing price for last week is 1929.80.
Possible Support for the Week is at 1900 (298 pips below the current week’s open price).
1967 (372 pips above) and 1985 (552 pips above) are the possible Resistances if XAUUSD price is to rise this week 30th January to 3rd February, 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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