XAUUSD Pivot 26th May 2021

This page will show readers daily XAUUSD forecast on the pivot point for Gold, and how price may move for the day.

The 4 hour time frame will be our focus for today’s pivot analysis for XAUUSD.



XAUUSD 4HR TF:

Gold price closed on the 25th May, 2021 at 1899.11.

Opening price for today is 1898.70.

Technically, Lower Daily price open may imply that price may close Bullish at the end of the day.

Pivot for the day is 1890.63 and this is below market open price.

Price might retrace for sometime before continuing its upward movement.

The 4hr chart is currently showing that market price is currently moving in a Bullish structure.

Bulls are actually waiting for fresh impetus that will cause them to take price much higher.

However, on the 4hr chart, we have the formation of Higher Higher, 1900 level.

Price may breakout higher towards Resistance 1 (1908 area) before jumping further to 1918 (Resistance 2).

Support 1, which is at the 1881 area is currently being eyed by the Bears.

A break below that level will definitely take price to Support 2 (1863 area)

Overall bias on the 4 hour chart is now Bullish. (Buyers may buy every dip).

Resistance 3

1936.12

Resistance 2

1918.13

Resistance 1

1908.62

Pivot Point

1890.63

Support 1

1881.12

Support 2

1863.13

Support 3

1853.62

XAUUSD 4HR TF 25th May 2021 PIVOT l8tr

 

DAILY TIME FRAME:

Using Weekly pivot levels on the Daily time frame, the most relevant levels are as follows;

Resistance 1

1899.97

Pivot Point

1871.71

Support 1

1853.40

XAUUSD DAILY 24TH May 2021 firstA DD

Remember that price closed for the week well above the weekly pivot (1871.71). Weekly pivot is currently below Daily Pivot (1890.63).

Weekly Resistance is at 1899

While weekly Support is at 1853.

Price is currently at the Weekly Resistance.

There is a chance of Higher rise in price of XAUUSD before the week runs out.

 

Fundamentals (News):

The following data/news release will happen today.

Medium Impact news is Swiss ZEW Survey – Expectations data.

This data will drop in the London session at 08:00 GMT

 

 

Market

BTC: 3Lrsk2Qzmoi1w1MwHvUL5ooqUJKbKUUvUz

For your Bitcoin Transactions, think LUNO … hit the link to sign up https://www.luno.com/invite/KQRSXS

Check Out:

Support and Resistance

XAUUSD Pivot 23rd April 2021

XAUUSD Pivot 22nd April 2021

XAUUSD Pivot 21st April 2021

XAUUSD Pivot 20th April 2021

(Deriv dot com is the only broker that has Volatility Index 75).

Sign up via this link to open V-75 Index trading account…https://track.deriv.com/_WxWzztorkVi2vdm9PpHVCmNd7ZgqdRLk/1/) Contact Ducoy on telegram for free account opening assistance https://t.me/joinchat/AAAAAE97zaWdZg5KBbrIVQ

SPECIAL OFFER: If you register/open binary account via the referral link, daily profitable signals await you as soon as you fund the account (minimum amount to fund is $50 for 0.001 lot).

 

Market

BTC: 3Lrsk2Qzmoi1w1MwHvUL5ooqUJKbKUUvUz

Volatility

Referral links;

(Volatility Index Broker:…https://track.deriv.com/_WxWzztorkVi2vdm9PpHVCmNd7ZgqdRLk/1/)

(Broker: Alpari …   https://alpari.com/en/?partner_id=1244646)

(Broker: Exness … https://www.exness.com/a/t0q1u0q1)

(Broker: FXTM… http://forextime.com/?partner_id=4806145)

(Email: beanfxtrader@gmail.com)

(Telegram:  https://t.me/joinchat/AAAAAE97zaWdZg5KBbrIVQ)

 

Leave a Reply

Your email address will not be published. Required fields are marked *