XAUUSD Pivot 22nd April 2021
This page will give followers daily insight as regards 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 21st April, 2021 at 1793.87, and opened today 22nd April, 2021 at 1793.90.
Higher Daily price open may sometimes imply that price will be Bearish at the end of the day.
Pivot for the day is 1789.22 and this is clearly lower than the open price (1793.90).
The 4hr chart is presently showing that market price is in a Bullish structure.
Currently, on the 4hr chart, we have an Inside Bar candlestick pattern. This may be a major decider for today’s price direction.
Higher High and Higher Low price is currently visible on the the 4 hour chart, currently forming the latest Higher High at the 1797 area.
Our Higher Low still remains at the 1763 area. Price is now going up to possibly form a Higher High.
Technically, price is approaching Resistance 1 (1802.23) as you can see on the image below.
The implication of this is, price may jump towards that level and find resistance, or give way for further jump to Resistance 2 (1810.60) .
Support 1, which is at the 1780.85 area is currently being eyed by Sellers.
Overall bias on the 4 hour chart is Bullish.
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