XAUUSD Pivot 21st April 2021
This page will give followers daily insight on where the Pivot point for XAUUSD (Gold) is, and how price may around it.
The 4 hour time frame will be in focus for this pivot analysis for XAUUSD.
XAUUSD 4HR TF:
Gold price closed on the 20th April, 2021 at 1778.50, and opened today 21st April, 2021 at 1778.11.
Lower price open may sometimes imply that price will be Bullish at the end of the day.
Pivot for the day is 1774.11 and this is clearly lower than the open price (1778.11).
The 4hr chart is presently showing that market price is in a Bullish structure, although, double top is possible above the Pivot on the chart.
Higher High and Higher Low price is currently visible on the the 4 hour chart, currently forming the latest Higher High at the 1790 area.
Our Higher Low is currently at the 1763 area. Price is now going up to form a Higher High.
Technically, price is approaching Resistance 1 (1784.74) as shown on the image below.
The implication of this is, price may jump towards that level and find resistance, or give way for further jump to Resistance 2 (1790.99) .
Support 1, which is at the 1767.86 area is currently being eyed by Sellers.
Overall bias on the 4 hour chart is strongly Bullish.
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