Daily Forex Pivot Point 5F
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 12th May, 2023 (03:33 GMT):
Gold/XAUUSD 4HR TF:
XAUUSD price is currently breaking the ascending trendline on the four hour time frame to the downside and we may go Bearish for now.
The 4hr chart for XAUUSD Pivot point analysis is currently showing that market price is Ranging.
Previous day closing price of Gold is 2014.87.
The opening price of XAUUSD for today 12th May, 2023 is 2015.01.
Current price for XAUUSD as at the time of updating this note is 2011.11.
Price may breakout higher towards Resistance 1 (2033 area) before jumping further to 2052 (Resistance 2).
Support 1, which is at the 2003 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1992 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 12th May, 2023.
RESISTANCE 3
2063.87
RESISTANCE 2
2052.47
RESISTANCE 1
2033.67
PIVOT
2022.27
SUPPORT 1
2003.47
SUPPORT 2
1992.07
SUPPORT 3
1973.27
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XAUUSD price Forecast for the Day, 12th May, 2023!
Current price for XAUUSD as at the time of updating this note is 2011.11.
Possible Resistance for the day is at 2048 (368 pips above current price).
1992 (191 pips above) and 1973 (381 pips above) are the possible Supports if XAUUSD price is to slide on the 12th May, 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 2022.27, Gold price is expected to slide on the 12th May, 2023 from 2011.11 area, covering at least 100 pips.
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Forecast for the Week, 8th May to 12th May, 2023!
Previous week close of the price of Gold is 2015.69.
Open price of XAUUSD for this week is 2016.
Possible Support for the Week is at 1948 (680 pips below the current week’s open price).
2104 (880 pips above) and 2145 (1290 pips above) are the possible Resistances if XAUUSD price is to slide this week 8th May to 12th May, 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, 12th May, 2023!
Gold key Fibonacci levels are 2020 to the upside and 1991 to the downside on the Daily price chart.
1991 is a potential Support Fibonacci level on the 1 hour time frame.
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EURAUD (12TH MAY 2023, 03:20)
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EURAUD is currently breaking structure to the upside.
AUDCHF (11TH MAY 2023, 16:42 GMT)
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AUDCHF is currently breaking structure to the downside. We have a Change Of Character on the image below.
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XAUUSD Pivot 10th May, 2023 (21:39 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 2029.83.
The opening price of XAUUSD for today 11th May, 2023 is 2029.60.
Current price for XAUUSD as at the time of updating this note is 2031.14
Price may breakout higher towards Resistance 1 (2044 area) before jumping further to 2059 (Resistance 2).
Support 1, which is at the 2018 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (2006 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 11th May, 2023.
RESISTANCE 3
2071.40
RESISTANCE 2
2059.70
RESISTANCE 1
2044.77
PIVOT
2033.07
SUPPORT 1
2018.14
SUPPORT 2
2006.44
SUPPORT 3
1991.51
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XAUUSD price Forecast for the Day, 11th May, 2023!
Current price for XAUUSD as at the time of updating this note is 2031.14.
Possible Support for the day is at 2007 (191 pips above current price).
2059 (278 pips above) and 2071 (398 pips above) are the possible Resistances if XAUUSD price is to rise on the 11th May, 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 2033.07, Gold price is expected to rise on the 11th May, 2023 from 2031.14 area, covering at least 100 pips.
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Forecast for the Week, 8th May to 12th May, 2023!
Previous week close of the price of Gold is 2015.69.
Open price of XAUUSD for this week is 2016.
Possible Support for the Week is at 1948 (680 pips below the current week’s open price).
2104 (880 pips above) and 2145 (1290 pips above) are the possible Resistances if XAUUSD price is to slide this week 8th May to 12th May, 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, 11th May, 2023!
Gold key Fibonacci levels are 2076 to the upside and 1991 to the downside on the Daily price chart.
1991 is a potential Support Fibonacci level on the 1 hour time frame.
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XAUUSD Pivot 10th May, 2023 (06:54 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 2034.31.
The opening price of XAUUSD for today 10th May, 2023 is 2034.01.
Current price for XAUUSD as at the time of updating this note is 2029.50.
Price may breakout higher towards Resistance 1 (2041 area) before jumping further to 2048 (Resistance 2).
Support 1, which is at the 2023 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (2012 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 10th May, 2023.
RESISTANCE 3
2059.50
RESISTANCE 2
2048.48
RESISTANCE 1
2041.39
PIVOT
2030.37
SUPPORT 1
2023.28
SUPPORT 2
2012.26
SUPPORT 3
2005.17
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XAUUSD price Forecast for the Day, 10th May, 2023!
Current price for XAUUSD as at the time of updating this note is 2029.50.
Possible Support for the day is at 2012 (175 pips above current price).
2048 (185 pips above) and 2059 (295 pips above) are the possible Resistances if XAUUSD price is to rise on the 10th May, 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 2030.37, Gold price is expected to rise on the 10th May, 2023 from 2029.50 area, covering at least 100 pips.
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Forecast for the Week, 8th May to 12th May, 2023!
Previous week close of the price of Gold is 2015.69.
Open price of XAUUSD for this week is 2016.
Possible Support for the Week is at 1948 (680 pips below the current week’s open price).
2104 (880 pips above) and 2145 (1290 pips above) are the possible Resistances if XAUUSD price is to slide this week 8th May to 12th May, 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, 10th May, 2023!
Gold key Fibonacci levels are 2076 to the upside and 1991 to the downside on the Daily price chart.
1991 is a potential Support Fibonacci level on the 1 hour time frame.
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XAUUSD Pivot 10th April, 2023 (10:39 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 2007.34.
The opening price of XAUUSD for today 10th April, 2023 is 1995.36.
Current price for XAUUSD as at the time of updating this note is 2000.05.
Price may breakout higher towards Resistance 1 (2018 area) before jumping further to 2030 (Resistance 2).
Support 1, which is at the 1998 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1989 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 10th April, 2023.
RESISTANCE 3
2039.42
RESISTANCE 2
2030.32
RESISTANCE 1
2018.83
PIVOT
2009.73
SUPPORT 1
1998.24
SUPPORT 2
1989.14
SUPPORT 3
1977.65
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XAUUSD price Forecast for the Day, 10th April, 2023!
Current price for XAUUSD as at the time of updating this note is 2000.05.
Possible Support for the day is at 1989 (110 pips above current price).
2030 (299 pips above) and 2039 (389 pips above) are the possible Resistances if XAUUSD price is to rise on the 10th 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 2009.73, Gold price is expected to rise today 10th April, 2023 from 2000.05 area, covering at least 100 pips.
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Forecast for the Week, 10th April to 14th April, 2023!
Previous week close of the price of Gold is 2007.34.
Open price of XAUUSD for this week is 1995.36.
Possible Support for the Week is at 1932 (633 pips below the current week’s open price).
2078 (826 pips above) and 2125 (1296 pips above) are the possible Resistances if XAUUSD price is to rise this week 10th April to 14th 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, 10th April, 2023!
Gold key Fibonacci levels are 2020 to the upside and 1955 to the downside on the Daily price chart.
1993 is a potential support Fibonacci level on the 1 hour time frame.
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