XAUUSD Four Hr TF Pivot 2nd Aug, 2022 (22:50 GMT)
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XAUUSD 1HR PIVOT UPDATE:
The 1hr chart is currently showing that market price is currently Bearish.
The market Price is currently around the 1 hour Time Frame Pivot.
Price may breakout higher towards Resistance 1 (1772.03 area) before jumping further to 1782.80 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (1788.63 area).
Support 1, which is at the 1755.43 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (1749.60 area).
Break and close below that level will definitely take price to Support 3 (1738.83 area).
Overall bias on the 1 hour chart is that market price is currently Bearish.
Find below computation results for Pivot Point, Support and Resistance levels for the 1st Four Hour Period for 3rd Aug, 2022.
Support and Resistance levels for the 1st Four-Hour Period for the Day 3rd Aug, 2022
Resistance 3
1788.63
Resistance 2
1782.80
Resistance 1
1772.03
Pivot Point
1766.20
Support 1
1755.43
Support 2
1749.60
Support 3
1738.83
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Possible Resistance for the first four hour is at 1777.42.
1749 and 1738 are the possible Supports if price is to slide.
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