XAUUSD Pivot 26th April 2021
This page will give followers daily insight as regards where the Pivot point for XAUUSD (Gold) is, and how price may move around it.
The 4 hour time frame will be in focus for today’s pivot analysis for XAUUSD.
XAUUSD 4HR TF:
Gold price closed on the 23rd April, 2021 at 1776.43, and opened today 26th April, 2021 at 1775.43.
Lower Daily price open may sometimes imply that price will be Bullish at the end of the day.
Pivot for the day is 1780.76 and this is clearly higher than the open price (1775.43).
The 4hr chart is presently showing that market price is in a Ranging structure.
Currently, on the 4hr chart, we have the formation of Lower Low at 1769 area.
Price is now possibly forming Lower High and Lower Low.
Technically, price is forming a support at the Lower Trendline (1769 area) as you can see on the image below.
The implication of this is, price may jump above the Pivot level (1780.76) .
Resistance 1, which is at the 1791.56 area is currently being eyed by Buyers.
Overall bias on the 4 hour chart is Bullish.
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