Daily Forex Pivot Point 5E
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 6th April, 2023 (06:01 GMT):
Gold/XAUUSD 4HR TF:
The 4hr chart for XAUUSD Pivot point analysis is currently showing that market price is Ranging.
Previous day closing price of Gold is 2020.15.
The opening price of XAUUSD for today 6th April, 2023 is 2020.92.
Current price for XAUUSD as at the time of updating this note is 2012.82.
Price may breakout higher towards Resistance 1 (2031 area) before jumping further to 2042 (Resistance 2).
Support 1, which is at the 2009 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1998 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 6th April, 2023.
RESISTANCE 3
2053.67
RESISTANCE 2
2042.79
RESISTANCE 1
2031.47
PIVOT
2020.59
SUPPORT 1
2009.27
SUPPORT 2
1998.39
SUPPORT 3
1987.07
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XAUUSD price Forecast for the Day, 6th April, 2023!
Current price for XAUUSD as at the time of updating this note is 2012.82.
Possible Support for the day is at 1999 (138 pips above current price).
2042 (291 pips above) and 2053 (401 pips above) are the possible Resistances if XAUUSD price is to rise on the 6th April, 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 2020.59, Gold price is expected to rise today 6th April, 2023 from 2012.82 area, covering at least 100 pips.
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Forecast for the Week, 3rd April to 7th April, 2023!
Previous week close of the price of Gold is 1969.16.
Open price of XAUUSD for this week is 1966.12.
Possible Resistance for the Week is at 2005 (388 pips below the current week’s open price).
1923 (431 pips above) and 1902 (641 pips above) are the possible Supports if XAUUSD price is to rise this week 3rd April to 7th April, 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 price Fibonacci Retracement Forecast for the Day, 6th April, 2023!
Gold key Fibonacci levels are 2020 to the upside and 1955 to the downside on the Daily price chart.
1969 is a potential support Fibonacci level on the 1 hour time frame.
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XAUUSD Pivot 5th April, 2023 (05:33 GMT):
Gold/XAUUSD 4HR TF:
The 4hr chart for XAUUSD Pivot point analysis is currently showing that market price is Bullish.
Previous day closing price of Gold is 2020.08.
The opening price of XAUUSD for today 5th April, 2023 is 2020.92.
Current price for XAUUSD as at the time of updating this note is 2024.52.
Price may breakout higher towards Resistance 1 (2037 area) before jumping further to 2055 (Resistance 2).
Support 1, which is at the 1989 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1959 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 5th April, 2023.
RESISTANCE 3
2085.65
RESISTANCE 2
2055.24
RESISTANCE 1
2037.66
PIVOT
2007.25
SUPPORT 1
1989.67
SUPPORT 2
1959.26
SUPPORT 3
1941.68
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XAUUSD price Forecast for the Day, 5th April, 2023!
Current price for XAUUSD as at the time of updating this note is 2024.52.
Possible Support for the day is at 1970 (545 pips above current price).
2055 (304 pips above) and 2085 (604 pips above) are the possible Resistances if XAUUSD price is to rise on the 5th April, 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 2007.25, Gold price is expected to rise today 5th April, 2023 from 2024.52 area, covering at least 100 pips.
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Forecast for the Week, 3rd April to 7th April, 2023!
Previous week close of the price of Gold is 1969.16.
Open price of XAUUSD for this week is 1966.12.
Possible Resistance for the Week is at 2005 (388 pips below the current week’s open price).
1923 (431 pips above) and 1902 (641 pips above) are the possible Supports if XAUUSD price is to rise this week 3rd April to 7th April, 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 price Fibonacci Retracement Forecast for the Day, 5th April, 2023!
Gold key Fibonacci levels are 2070 to the upside and 2017 to the downside on the Daily price chart.
2037 is a potential resistance Fibonacci level on the 1 hour time frame.
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XAUUSD Pivot 5th March, 2023 (22:09 GMT):
Gold/XAUUSD 4HR TF:
The 4hr chart for XAUUSD Pivot point analysis is currently showing that market price is Ranging.
Previous day close is 1854.54.
The opening price for 6th March, 2023 is 1853.61.
Price may breakout higher towards Resistance 1 (1861 area) before jumping further to 1868 (Resistance 2).
Support 1, which is at the 1841 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1828 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 6th March, 2023.
RESISTANCE 3
1881.86
RESISTANCE 2
1868.99
RESISTANCE 1
1861.76
PIVOT
1848.89
SUPPORT 1
1841.66
SUPPORT 2
1828.79
SUPPORT 3
1821.56
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XAUUSD price Forecast for the Day, 6th March, 2023!
Current price for XAUUSD as at the time of updating this note is 1853.61.
Possible Resistance for the day is at 1831 (226 pips above current price).
1868 (143 pips above) and 1881 (213 pips above) are the possible Supports if XAUUSD price is to rise on the 6th March, 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 1848.89, Gold price is expected to rise today 6th March, 2023 from 1853.61 area, covering at least 100 pips.
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Forecast for the Week, 6th March to 10th March, 2023!
Previous week close of the price of Gold is 1854.54.
Open price of XAUUSD for this week is 1853.61.
Possible Support for the Week is at 1799 (546 pips below the current week’s open price).
1890 (363 pips above) and 1923 (693 pips above) are the possible Resistances if XAUUSD price is to rise this week 6th March to 10th March, 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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