XAUUSD Four Hr TF Pivot 26th July, 2022

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XAUUSD UPDATE 12:05 GMT

XAUUSD 4HR PIVOT UPDATE 09:00 GMT

Support and Resistance levels for the 4th Four Hour Period for the Day

RESISTANCE 3

1738.24

RESISTANCE 2

1731.64

RESISTANCE 1

1727.50

PIVOT

1720.90

SUPPORT 1

1716.76

SUPPORT 2

1710.16

SUPPORT 3

1706.02

Possible Support for the first four hour is at 1713.46.

1731 and 1738 are the possible Resistances if price is to jump.

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

The market Price is currently around the 4 hour Time Frame Pivot.

Price may breakout higher towards Resistance 1 (1719.36 area) before jumping further to 1721.63 (Resistance 2).

Break and close above that level will definitely take price to Resistance 3 (1723.22 area).

Support 1, which is at the 1715.50 area is currently being eyed by the Bears.

A break below Support 1 may take price to Support 2 (1713.91 area).

Break and close below that level will definitely take price to Support 3 (1711.64 area).

Overall bias on the 1 hour chart is that market price is currently Ranging.

Find below computation results for Pivot Point, Support and Resistance levels for the 1st Four Hour Period for 27 July, 2022.

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

Resistance 3

1723.22

Resistance 2

1721.63

Resistance 1

1719.36

Pivot Point

1717.77

Support 1

1715.50

Support 2

1713.91

Support 3

1711.64

 

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Possible Resistance for the first four hour is at 1720.50.

1713.91 and 1711.64 are the possible Supports if price is to slide.

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