XAUUSD Pivot 30th April 2021
This page will give readers daily forecast 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 29th April, 2021 at 1772.21, and opened today 30th April, 2021 at 1772.54.
Higher Daily price open may sometimes imply that price may close Bearish at the end of the day.
Pivot for the day is 1772.74 and this is slightly higher than the open price (1772.54).
The 4hr chart is currently showing that market price is still moving in a Ranging structure.
However, on the 4hr chart, we have the formation of Lower Low at 1755 area (Support 1).
Price is now possibly forming Lower High and Lower Low points.
Technically, price is forming Head and Shoulder Pattern as you can see on the image below.
The implication of this is, price may slide towards the Range Low zone (1756 area) .
Resistance 1, which is at the 1789.37 area is currently being eyed by Buyers.
Overall bias on the 4 hour chart is still Range.
Check Out XAUUSD Pivot For 29th April 2021:
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