XAUUSD Pivot 28th April 2021

This page will give readers daily insight on 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 27th April, 2021 at 1776.63, and opened today 28th April, 2021 at 1776.92.

Higher Daily price open may sometimes imply that price will be Bearish at the end of the day.

Pivot for the day is 1778.61 and this is clearly higher than the open price (1776.92).

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

At the same time, on the 4hr chart, we have the formation of Lower Low at 1769 area.

Price is now possibly forming Lower High and Lower Low points.

Technically, price is forming Head and Shoulder Patternย as you can see on the image below.

The implication of this is, price may slide towards the Range Low zone (1769 area) .

Resistance 1, which is at the 1783.51 area is currently being eyed by Buyers.

Overall bias on the 4 hour chart is Range.

Resistance 3
1795.31
Resistance 2
1790.40
Resistance 1
1783.51
Pivot Point
1778.61
Support 1
1772.27
Support 2
1766.82
Support 3
1759.93

 

XAUUSD 4HR PIVOT ANALYSIS 28th APR 2021

Fundamentals (News):

The following data/news release will happen today:
Medium Impact news for today is Swiss ZEW Survey. This data will drop in the London session at 08:00 GMT.
High Impact news for today is Canada Retail Sales. This data will dropย in the Newyork session at 12:30 GMT.
Another High Impact news for today is ECB’s President Lagarde speech. This data will drop in the Newyork session at 14:00 GMT.
Last High Impact news for today is U.S Fed Interest Rate Decision. This data will dropย in the Newyork session at 18:30 GMT.

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Support and Resistance

XAUUSD Pivot 23rd April 2021

XAUUSD Pivot 22nd April 2021

XAUUSD Pivot 21st April 2021

XAUUSD Pivot 20th April 2021

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