XAUUSD Four Hr TF Pivot 1st Aug, 2022 (22:30 GMT)
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XAUUSD 1HR PIVOT UPDATE:
The 1hr chart is currently showing that market price is currently Bullish.
The market Price is currently around the 1 hour Time Frame Pivot.
Price may breakout higher towards Resistance 1 (1774.38 area) before jumping further to 1776.84 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (1780.84 area).
Support 1, which is at the 1767.92 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (1763.92 area).
Break and close below that level will definitely take price to Support 3 (1745.25 area).
Overall bias on the 1 hour chart is that market price is currently Bullish.
Find below computation results for Pivot Point, Support and Resistance levels for the 1st Four Hour Period for 2nd Aug, 2022.
Support and Resistance levels for the 1st Four-Hour Period for the Day 2nd Aug, 2022
Resistance 3
1780.84
Resistance 2
1776.84
Resistance 1
1774.38
Pivot Point
1770.38
Support 1
1767.92
Support 2
1763.92
Support 3
1761.46
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Possible Support for the first four hour is at 1765.92.
1776 and 1780 are the possible Resistances if price is to jump.
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