XAUUSD Four Hr TF Pivot 24th July, 2022

XAUUSD 4HR TF:

XAUUSD price closed on the 22nd July, 2022 at 1726.78

Opening price for today is 1725.61

Pivot for the day is 1726.21 and this is above market open price.

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The 1hr chart is currently showing that market price is currently Bullish.

The market Price is currently testing the 4 hour Time Frame Pivot (retracing in a Bullish Trend)

Price may breakout higher towards Resistance 1 (1730.74ย area) before jumping further to 1734.70ย (Resistance 2).

Break and close above that level will definitely take price to Resistance 3 (1739.96ย area).

Support 1, which is at the 1721.52ย area is currently being eyed by the Bears.

A break below Support 1 may take price to Support 2 (1716.26ย area).

Break and close below that level will definitely take price to Support 3 (1712.30ย 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 25 July, 2021.

Support and Resistance levels for the 1st Four Hour Period for the Day

Resistance 3

1739.96

Resistance 2

1734.70

Resistance 1

1730.74

Pivot Point

1725.48

Support 1

1721.52

Support 2

1716.26

Support 3

1712.30

 

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XAUUSD HR PIVOT TF 24 JULY 2022

Possible Support for the first four hour is at 1718.

1734 and 1739 are the possible resistances if price is to go up.

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Support and Resistance

 

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