Daily Pivot Point 2
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 29th May, 2022 (20:20 GMT):
Gold/XAUUSD 4HR TF:
The 4hr chart is currently showing that market price is Ranging.
Price may breakout higher towards Resistance 1 (1860 area) before jumping further to 1868 (Resistance 2).
Support 1, which is at the 1846 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1840 area).
Overall bias on the 4 hour chart is Ranging.
Find below computation results for Pivot Point, Support and Resistance levels for 29th May, 2022.
Resistance 3
1874.69
Resistance 2
1868.24
Resistance 1
1860.65
Pivot Point
1854.20
Support 1
1846.61
Support 2
1840.16
Support 3
1832.57
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XAUUSD Pivot 27th May, 2022 (07:20 GMT):
Gold/XAUUSD 4HR TF:
The 4hr chart is currently showing that market price is Bullish.
Price may breakout higher towards Resistance 1 (1856 area) before jumping further to 1862 (Resistance 2).
Support 1, which is at the 1842 area is currently being eyed by the Bears.
A break below that level will definitely take price to Support 2 (1834 area).
Overall bias on the 4 hour chart is Bullish.
Find below computation results for Pivot Point, Support and Resistance levels for 27th May, 2022.
Resistance 3
1869.94
Resistance 2
1862.05
Resistance 1
1856.36
Pivot Point
1848.47
Support 1
1842.78
Support 2
1834.89
Support 3
1829.20
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