Gold Market Cap:
This page will give followers daily access to free daily XAUUSD and Forex price analysis, with a focus on the gold market cap..
22nd September, 2021 (13:05 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Ranging on the One Hour time frame.
Pivot for the four hour time frame is 1773.56 and it is above market current price.Price may breakout higher towards Resistance 1 (1775Â area) before jumping further to 1778Â Â (Resistance 2).
Support 1, which is at the 1770Â Â area is currently being eyed by the Bears.A break below that level will definitely take price to Support 2 (1768Â area).
Overall bias on the 1 hour chart is Ranging. Below is the calculated Pivot Point, Support and Resistance levels for the Fourth Four Hour for the day for 22nd Sept, 2021.RESISTANCE 3
1781.21
RESISTANCE 2
1778.96
RESISTANCE 1
1775.81
PIVOT
1773.56
SUPPORT 1
1770.41
SUPPORT 2
1768.16
SUPPORT 3
1765.01
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20th September, 2021 (13:05 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the One Hour time frame.Price may breakout higher towards Resistance 1 (1759 area) before jumping further to 1763  (Resistance 2).
Support 1, which is at the 1752Â Â area is currently being eyed by the Bears.A break below that level will definitely take price to Support 2 (1749Â area).
Overall bias on the 1 hour chart is Bearish.Below is the calculated Pivot Point, Support and Resistance levels for the Fifth Four Hour for the day for 20th Sept, 2021.
RESISTANCE 3
1766.61
RESISTANCE 2
1763.36
RESISTANCE 1
1759.55
PIVOT
1756.29
SUPPORT 1
1752.48
SUPPORT 2
1749.23
SUPPORT 3
1745.41
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18th September, 2021 (21:05 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bearish on the daily time frame.Price close for 17th September, 2021 is above the pivot point (pivot point is 1756.19 while closing price is 1753.87).
Market price open is around 1754.17.
Below is the calculated Pivot Point, Support and Resistance levels for 19th September, 2021.Resistance 3 1785.20 Resistance 2 1776.30 Resistance 1 1765.09 Pivot Point 1756.19 Support 1 1744.98 Support 2 1736.08 Support 3 1724.87
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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16th September, 2021 (21:05 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bearish on the daily time frame.Price close for 16th September, 2021 is above the pivot point (pivot point is 1764.65 while closing price is 1752.67).
Market price open is around 1753.52.
Below is the calculated Pivot Point, Support and Resistance levels for 17th September, 2021.Resistance 3 1835.12 Resistance 2 1815.62 Resistance 1 1784.15 Pivot Point 1764.65 Support 1 1733.18 Support 2 1713.68 Support 3 1682.21
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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15th September, 2021 (21:55 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame.Price close for 15th September, 2021 is above the pivot point (pivot point is 1797.08 while closing price is 1793.68).
Market price open is around 1794.05.
Below is the calculated Pivot Point, Support and Resistance levels for 16th September, 2021.Resistance 3 1819.71 Resistance 2 1813.30 Resistance 1 1803.49 Pivot Point 1797.08 Support 1 1787.27 Support 2 1780.86 Support 3 1771.05
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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14th September, 2021 (21:55 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame. XAUUSD price dropped from the 1829 Resistance area and found support at the 1782 level forming a Swing High on the Daily time frame.Price close for 14th September, 2021 is above the pivot point (pivot point is 1797.57 while closing price is 1804.64).
Market price open is around 1803.81.
Below is the calculated Pivot Point, Support and Resistance levels for 15th September, 2021.Resistance 3 1844.58 Resistance 2 1826.55 Resistance 1 1815.60 Pivot Point 1797.57 Support 1 1786.62 Support 2 1768.59 Support 3 1757.64
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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Resistance   1815.6, 1826.6, 1844.6
Support      1786.6, 1768.6, 1757.6
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13th September, 2021 (21:45 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame. XAUUSD price dropped from the 1829 Resistance area and found support at the 1782 level forming a Swing High on the Daily time frame.Price close for 13th September, 2021 is above the pivot point (pivot point is 1791.76 while closing price is 1793.32).
Market price open is around 1793.33.
Below is the calculated Pivot Point, Support and Resistance levels for 14th September, 2021.Resistance 3 1814.73 Resistance 2 1806.55 Resistance 1 1799.94 Pivot Point 1791.76 Support 1 1785.15 Support 2 1776.97 Support 3 1770.36
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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Resistance 1799.9, 1806.6, 1814.7
Support   1785.1, 1777.0, 1770.4
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8th September, 2021 (22:17 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum.
XAUUSD price dropped from the 1829 Resistance area and found support at the 1782 level forming a Swing High on the Daily time frame. Price close for 8th September, 2021 is below the pivot point (pivot point is 1791.23 while closing price is 1789.24).
Market price open is around 1789.49.
Below is the calculated Pivot Point, Support and Resistance levels for 9th September, 2021.Resistance 3
1819.75Resistance 2
1810.91Resistance 1
1800.07Pivot Point
1791.23Support 1
1780.39Support 2
1771.55Support 3
1760.75
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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7th September, 2021 (22:17 GMT)
XAUUSD DAILY TF:
XAUUSD price dropped from the 1823 Resistance area and found support at the 1793 level forming a Swing High on the Daily time frame. Price close for 7th September, 2021 is well below the pivot point (pivot point is 1804.44 while closing price is 1793.87).
Market price open is around 1794.95.
Below is the calculated Pivot Point, Support and Resistance levels for 8th September, 2021.Resistance 3
1851.49Resistance 2
1839.33Resistance 1
1816.60Pivot Point
1804.44Support 1
1781.71Support 2
1769.55Support 3
1746.82
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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6th September, 2021 (23:39 GMT)
XAUUSD DAILY TF:
XAUUSD price is currently ready for another BULLISH RUN on the one hour time frame. Price close for 6th September, 2021 is below the pivot point (pivot point is 1824.88 while closing price is 1823.09).
Market price open is around 1823.48.
Below is the calculated Pivot Point, Support and Resistance levels for 7th September, 2021.Resistance 3
1837.22Resistance 2
1833.70Resistance 1
1828.40Pivot Point
1824.88Support 1
1819.58Support 2
1816.06Support 3
1810.76
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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5th September, 2021 (16:21 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.The Bulls closed below 1834 (the 100% Fibonacci Retracement level for the 1834 – 1683 bearish leg on the Daily time frame).
Price close for 3rd September, 2021 is above the pivot point (pivot point is 1823.44, while closing price is 1827.54).Market may open on Monday around 1828.24.
Below is the calculated Pivot Point, Support and Resistance levels for 6th September. 2021.Resistance 3
1863.01Resistance 2
1848.45Resistance 1
1838.00Pivot Point
1823.44Support 1
1812.99Support 2
1798.43Support 3
1787.98
Click here to review how Price has been reacting to the Pivot line on the 4hour time frame for some time now.Amazon Reload
1 hr Time Frame:
Price is Bullish on the one hour time frame. However, the 200SMA that is currently a Support at the 1806 level.The Pivot point 1823.44, is currently below closing price (closing price is 1827.55).
Technically, the price is Bullish for now.
The 200 Simple Moving Average SMA is currently below price at the 1768 area.
Levels to watch on 1hr time frame:
Resistance: 1838, 1848, and 1863
Support: 1812, 1798 and 1787.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1794 area.Price is currently above the 200 SMA.
The 50 SMA is currently at 1807 area while the 200 SMA is at 1794 level on the 4 hour time frame.
Buyers are currently in control as price jumps and closes above the 200 SMA.
Daily Time Frame:
Market open is around 1828.24 which is well above previous day pivot (previous day pivot is 1823.44).Bears may want to take advantage of this to push price downward by the end of the day.
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3rd September, 2021 (22:39 GMT)
XAUUSD DAILY TF:
XAUUSD price is currently ready for another BULLISH RUN on the daily time frame. Price close for 2nd September, 2021 is below the pivot point (pivot point is 1810.47 while closing price is 1809.50).
Market price open is around 1809.44.
Below is the calculated Pivot Point, Support and Resistance levels for 2nd September, 2021.Resistance 3
1828.48Resistance 2
1822.76Resistance 1
1816.13Pivot Point
1810.47Support 1
1803.84Support 2
1798.18Support 3
1791.55
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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2nd November, 2021 (10:39 GMT)
XAUUSD DAILY TF:
XAUUSD price is currently ready for another BULLISH RUN on the daily time frame. Bulls are trying to break and close above the 1816 Resistance level on the 1hr time frame. Price close for 1st September, 2021 is below the pivot point (pivot point is 1814.12 while closing price is 1813.72).
Market price open is around 1813.92.
Below is the calculated Pivot Point, Support and Resistance levels for 2nd September, 2021.Resistance 3
1830.89Resistance 2
1825.43Resistance 1
1819.58Pivot Point
1814.12Support 1
1808.27Support 2
1802.81Support 3
1796.96
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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31st August, 2021 (22:24 GMT)
XAUUSD DAILY TF:
XAUUSD price is currently ready for another BULLISH RUN on the daily time frame. Price close for 31st August, 2021 is above the pivot point (pivot point is 1811.66 while closing price is 1814.21).
Market price open is around 1814.42.
Below is the calculated Pivot Point, Support and Resistance levels for 1st September, 2021.Resistance 3
1839.09Resistance 2
1829.10Resistance 1
1821.65Pivot Point
1811.66Support 1
1804.21Support 2
1794.22Support 3
1786.77
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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30th August, 2021 (22:14 GMT)
XAUUSD DAILY TF:
XAUUSD price is currently Retracing from last Friday’s BULLISH RUN on the daily time frame. Price close for 30th August, 2021 is below the pivot point (pivot point is 1813.66 while closing price is 1810.08).
Market price open is around 1809.95.
Below is the calculated Pivot Point, Support and Resistance levels for 31st August, 2021.Resistance 3
1835.09Resistance 2
1829.14Resistance 1
1819.61Pivot Point
1813.66Support 1
1804.13Support 2
1798.18Support 3
1788.65
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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29th August, 2021 (05:21 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.The Bulls closed above 1815 (the 88.5% Fibonacci Retracement level for the 1834 – 1683 bearish leg on the Daily time frame).
Price close for 27th August, 2021 is above the pivot point (pivot point is 1806.93, while closing price is 1817.80).Market may open on Monday around 1817.80.
Below is the calculated Pivot Point, Support and Resistance levels for 30th August, 2021.Resistance 3 >>>>>>>>>> 1864.99
.Resistance 2 >>>>>>>>>> 1842.01 Resistance 1 >>>>>>>>>> 1829.91 Pivot Point >>>>>>>>>> 1806.93 Support 1 >>>>>>>>>> 1794.83 .Support 2 >>>>>>>>>> 1771.85 Support 3 >>>>>>>>>> 1759.75 Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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1 hr Time Frame:
Price is Bullish on the one hour time frame. However, the 200SMA that is currently a Support at the 1791 level.The Pivot point 1806.93, is currently above closing price (closing price is 1817.80).
Technically, the price is Bullish for now.
The 200 Simple Moving Average SMA is currently below price at the 1768 area.
Levels to watch on 1hr time frame:
Resistance: 1829, 1842, and 1864
Support: 1794, 1771 and 1759.
4 hr Time Frame:
In this section, we will be analyzing the Death Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Death Cross is running as the 50 SMA crossed below the 200 SMA at 1796 area.Price is currently above the 200 SMA.
The 50 SMA is currently at 1791 area while the 200 SMA is at 1794 level on the 4 hour time frame.
Buyers are currently in control as price jumps and closes above the 200 SMA.
Daily Time Frame:
Market may open around 1817.80 which is well above previous day pivot (previous day pivot is 1806.93).Bears may want to take advantage of this to push price downward by the end of the day.
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26th August, 2021 (23:04 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame. Price close for 26th August, 2021 is above the pivot point (pivot point is 1789.91 while closing price is 1791.64).
Market price open is around 1790.98.
Below is the calculated Pivot Point, Support and Resistance levels for 27th August, 2021.Resistance 3
1817.85Resistance 2
1807.96Resistance 1
1799.80Pivot Point
1789.91Support 1
1781.75Support 2
1771.86Support 3
1763.70
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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25th August, 2021 (21:04 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame. Price close for 25th August, 2021 is above the pivot point (pivot point is 1791.84 while closing price is 1790.28).
Market price open is around 1790.98.
Below is the calculated Pivot Point, Support and Resistance levels for 26th August, 2021.Resistance 3
1821.36Resistance 2
1812.04Resistance 1
1801.16Pivot Point
1791.84Support 1
1780.96Support 2
1771.64Support 3
1760.76
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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24th August, 2021 (22:04 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame. Price close for 24th August, 2021 is above the pivot point (pivot point is 1804.30 while closing price is 1805.83).
Market price open is 1802.41.
Below is the calculated Pivot Point, Support and Resistance levels for 25th August, 2021.Resistance 3
1816.75Resistance 2
1813.10Resistance 1
1807.95Pivot Point
1804.30Support 1
1799.15Support 2
1795.50Support 3
1790.35
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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24th August, 2021 (06:44 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame. Price close for 19th August, 2021 is below the pivot point (pivot point is 1795.85 while closing price is 1805.83).
Market price open is 1805.34.
Below is the calculated Pivot Point, Support ad Resistance levels for 24th August, 2021.Resistance 3
1845.20Resistance 2
1825.69Resistance 1
1815.36Pivot Point
1795.85Support 1
1785.52Support 2
1766.01Support 3
1755.68
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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22nd August, 2021 (16:34 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame.The Bulls closed above 1777 (the 61.8% Fibonacci Retracement level for the 1834 – 1683 bearish leg on the Daily time frame).
Price close for 20th August, 2021 is below the pivot point (pivot point is 1782.52, while closing price is 1780.95).Market may open on Monday is around 1781.38.
Below is the calculated Pivot Point, Support and Resistance levels for 23rd August, 2021.Resistance 3
1796.60Resistance 2
1792.43Resistance 1
1786.69Pivot Point
1782.52Support 1
1776.78Support 2
1772.61Support 3
1766.87Amazon Reload
1 hr Time Frame:
Price is Ranging on the one hour time frame. However, the 200SMA that is currently a Support at the 1768 level.The Pivot point 1782.50, is currently above closing price (closing price is 1780.95).
Technically, the price is Ranging for now. Range Top is 1795, Range Bottom is 1774.
The 200 Simple Moving Average SMA is currently below price at the 1768 area.
Levels to watch on 1hr time frame:
Resistance: 1786, 1792, and 1796
Support: 1776, 1772 and 1766.
4 hr Time Frame:
In this section, we will be analyzing the Death Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Death Cross is running as the 50 SMA crossed below the 200 SMA at 1796 area.Price is currently above the 50 SMA.
The 50 SMA is currently at 1771 area while the 200 SMA is at 1795 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market open is around 1780.95 which is below previous day pivot (previous day pivot is 1782.52).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Ranging market structure which is visible on the Daily chart.
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19th August, 2021 (22:44 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame. Price close for 19th August, 2021 is below the pivot point (pivot point is 1782.26 while closing price is 1780.14).
Market price may open  around 1780.09.
200 SMA currently at 1760 may serve as Support.
Below is the calculated Pivot Point, Support ad Resistance levels for 19th August, 2021.Resistance 3
1808.32Resistance 2
1800.34Resistance 1
1790.24Pivot Point
1782.26Support 1
1772.16Support 2
1764.18Support 3
1754.08
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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18th August, 2021 (22:44 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame. Price close for 18th August, 2021 is above the pivot point (pivot point is 1786.26 while closing price is 1787.66).
Market price open is around 1787.31.
200 SMA currently at 1760 may serve as Support.
Below is the calculated Pivot Point, Support ad Resistance levels for 19th August, 2021.Resistance 3
1811.60Resistance 2
1802.69Resistance 1
1795.17Pivot Point
1786.26Support 1
1778.74Support 2
1769.83Support 3
1762.31
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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17th August, 2021 (22:14 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.On the one hour time frame, price is bouncing on the ascending trendline at the 1782 area.
 Price close for 17th August, 2021 is below the pivot point (pivot point is 1787.31 while closing price is 1785.88).
Market price open is around 1786.31.
200 SMA currently at 1762 may serve as Support.
Below is the calculated Pivot Point, Support ad Resistance levels for 18th August, 2021.Resistance 3
1809.08Resistance 2
1802.30Resistance 1
1794.09Pivot Point
1787.31Support 1
1779.10Support 2
1772.32Support 3
1764.11
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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16th August, 2021 (22:14 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame. Price is currently forming a Swing Low on the Daily time
The Bulls are currently in control of price.
Price close for 16th August, 2021 is well above the pivot point (pivot point is 1782.36 while closing price is 1787.21).Market may open around 1787.17.
Below is the calculated Pivot Point, Support ad Resistance levels for 17th August, 2021.Resistance 3
1812.25Resistance 2
1800.67Resistance 1
1793.94Pivot Point
1782.36Support 1
1775.63Support 2
1764.05Support 3
1757.32
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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15th August, 2021 (18:34 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.The Bulls closed above 1777 (the 61.8% Fibonacci Retracement level for the 1834 – 1683 bearish leg on the Daily time frame).
Price close for 13th August, 2021 is well above the pivot point (pivot point is 1770.40, while closing price is 1779.73).Market may open on Monday around 1779.12.
Below is the calculated Pivot Point, Support and Resistance levels for 16th August, 2021.Resistance 3
1817.38Resistance 2
1798.61Resistance 1
1789.17Pivot Point
1770.40Support 1
1760.96Support 2
1742.19Support 3
1732.75Amazon Reload
1 hr Time Frame:
Price is Bullish on the one hour time frame. However, price crossed and closed above the 200SMA that is currently a Support at the 1769 level.The Pivot point 1770.40, is currently well below closing price (closing price is 1779.73).
Technically, the Bulls are currently in control of price. Every dip in price will be an opportunity for the Bulls to step in to push price higher.-
The 200 Simple Moving Average SMA is currently far above price at the 1769 area.
Levels to watch on 1hr time frame:
Resistance: 1789, 1798, and 1817
Support: 1760, 1742 and 1732.
4 hr Time Frame:
In this section, we will be analyzing the Death Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Death Cross is running as the 50 SMA crossed below the 200 SMA at 1798 area.Price is currently above the 50 SMA.
The 50 SMA is currently at 1767 area while the 200 SMA is at 1794 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market may open around 1779.73 which is well above previous day pivot (previous day pivot is 1770.40).Bears may want to take advantage of this to push price downward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.
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12th August, 2021 (23:54 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame. Price is currently forming a Swing Low on the Daily time
The Bulls are currently attempting to break and close price above the 1755 area .
Price close for 11th August, 2021 is well above the pivot point (pivot point is 1750.82 while closing price is 1752.82).Market may open around 17512.
Below is the calculated Pivot Point, Support ad Resistance levels for 13th August, 2021.Resistance 3
1776.64Resistance 2
1767.37Resistance 1
1760.09Pivot Point
1750.82Support 1
1743.54Support 2
1734.27Support 3
1726.99
Click here to review how Price has been reactingto the Pivot line on the 4hour time frame for some time now.
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11th August, 2021 (21:54 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bearish on the daily time frame. Price is currently forming a Swing Low one hour time
The Bears failed to close price below the 1675 area .
Price close for 11th August, 2021 is well above the pivot point (pivot point is 1743.28 while closing price is 1751.42).Market may open around 1751.26
Below is the calculated Pivot Point, Support and Resistance levels for 11th August, 2021.Resistance 3
1792.75Resistance 2
1773.55Resistance 1
1762.48Pivot Point
1743.28Support 1
1732.21Support 2
1713.01Support 3
1701.95Amazon Reload
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10th August, 2021 (21:34 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bearish on the daily time frame.The Bears failed to close price below the 1675 area .
Price close for 9th August, 2021 is above the pivot point (pivot point is 1728.19, while closing price is 1728.75).Market may open around 1729.50
Below is the calculated Pivot Point, Support and Resistance levels for 10th August, 2021.Resistance 3
1759.28Resistance 2
1748.72Resistance 1
1738.75Pivot Point
1728.19Support 1
1718.22Support 2
1707.66Support 3
1697.69Amazon Reload
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9th August, 2021 (08:34 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bearish on the daily time frame.The Bears failed to close price below the 1675 area .
Price close for 8th August, 2021 is well below the pivot point (pivot point is 1725.14, while closing price is 1729.77).Market may open around 1728.87
Below is the calculated Pivot Point, Support and Resistance levels for 9th August, 2021.Resistance 3
1845.61Resistance 2
1803.91Resistance 1
1766.84Pivot Point
1725.14Support 1
1688.07Support 2
1646.37Support 3
1609.30Amazon Reload
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7th August, 2021 (08:34 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bearish on the daily time frame.The Bulls failed to close above 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 6th August, 2021 is well below the pivot point (pivot point is 1775.51, while closing price is 1763.18).Market may open on Monday around 1761.00.
Below is the calculated Pivot Point, Support and Resistance levels for 9th August, 2021.Resistance 3
1838.36Resistance 2
1821.52Resistance 1
1792.35Pivot Point
1775.51Support 1
1746.34Support 2
1729.50Support 3
1700.3Amazon Reload
1 hr Time Frame:
Price is Strongly Bearish on the one hour time frame. Price may attempt to retrace towards the 200SMA that is currently a Resistance at the 1809 level.The Pivot point 1775.51, is currently well above closing price (closing price is 1763.18).
Technically, the Bears are currently in control of price. Every rise in price will be an opportunity for the Bears to step in to push price lower.-
The 200 Simple Moving Average SMA is currently far above price at the 1809 area.
Levels to watch on 1hr time frame:
Resistance: 1792, 1821, and 1838
Support: 1746, 1729 and 1700.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1813 area.Price is currently far below the 50 SMA.
The 50 SMA is currently at 1807 area while the 200 SMA is at 1799 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market may open around 1763.18 which is well below previous day pivot (previous day pivot is 1775.51).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.
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6th August, 2021 (05:40 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame.The Bulls failed to close above 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price is sliding towards 1789 (Range Low).
Price close for 5th August 2021 is below the pivot point (pivot point is 1805.39, while closing price is 1803.68).A Daily price close below the previous day pivot might lead to a Bullish price move today.
Today’s price open is at 1804.60.
Below is the calculated Pivot Point, Support and Resistance levels for 6th August 2021.Resistance 3
1830.08Resistance 2
1822.42Resistance 1
1813.05Pivot Point
1805.39Support 1
1796.02Support 2
1788.36Support 3
1778.99
In the image above, price is dropped below the 200 SMA (200 SMA is at 1810).
Bulls may apply caution.
A close above the 200 SMA may give the Bulls some level of hope.Check Out:
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5th August, 2021 (07:20 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame.The Bulls failed to close above 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 4th August 2021 is well below the pivot point (pivot point is 1816.50, while closing price is 1811.53).A Daily price close below the previous day pivot might lead to a Bullish price move today.
Today’s price open is at 1812.00.
Below is the calculated Pivot Point, Support and Resistance levels for 5th August 2021.Resistance 3
1851.86Resistance 2
1841.73Resistance 1
1826.63Pivot Point
1816.50Support 1
1801.40Support 2
1791.27Support 3
1776.17
In the image above, price is currently building up in a Range above the 200 SMA (200 SMA is at 1810) for an upside move.
Bears may apply caution.
A close below the 200 SMA may give the Bears some level of hope.Check Out:
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4th August, 2021 (05:20 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame.The Bulls failed to close above 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 3rd August 2021 is below the pivot point (pivot point is 1810.65, while closing price is 1810.09).A Daily price close below the previous day pivot might lead to a Bullish price move today.
Today’s price open is at 1810.19.
Below is the calculated Pivot Point, Support and Resistance levels for 4th August 2021.Resistance 3
1822.15Resistance 2
1818.50Resistance 1
1814.29Pivot Point
1810.65Support 1
1806.44Support 2
1802.80Support 3
1798.59
In the image above, price is currently building up in a Range above the 200 SMA (200 SMA is at 1809) for an upside move.
Bears may apply caution.
A close below the 200 SMA may give the Bears some level of hope.Check Out:
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2nd August, 2021 (22:20 GMT)
XAUUSD DAILY TF:
XAUUSD is currently forming a Double Top on the daily time frame.The Bulls failed to close above 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 2nd August 2021 is above the pivot point (pivot point is 1812.76, while closing price is 1813.08).Today’s price open is at 1813.43.
Below is the calculated Pivot Point, Support and Resistance levels for 3rd August 2021.Resistance 3
1833.47Resistance 2
1826.46Resistance 1
1819.77Pivot Point
1812.76Support 1
1806.07Support 2
1799.06Support 3
1792.37
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31st July, 2021 (07:34 GMT)
XAUUSD DAILY TF:
XAUUSD is currently forming a Double Top on the daily time frame.The Bulls failed to close above 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 30th July 2021 is above the pivot point (pivot point is 1818.58, while closing price is 1814.21).Today’s price open is at 1814.54.
Below is the calculated Pivot Point, Support and Resistance levels for 2nd August, 2021.Resistance 3
1848.00Resistance 2
1839.65Resistance 1
1826.93Pivot Point
1818.58Support 1
1805.83Support 2
1797.51Support 3
1784.79Amazon Reload
1 hr Time Frame:
Price is currently Ranging on the one hour time frame. The 200SMA is serving as a Support at the 1812 level.The Pivot point 1818.58, is currently below closing price (closing price is 1814.21).
Technically, the Range may likely continue until price breaks out upward or downward.
The 200 Simple Moving Average SMA is currently above price at the 1812 area.
Levels to watch on 1hr time frame:
Resistance: 1826, 1839, and 1848
Support: 1805, 1797 and 1784.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1813 area.Price is currently above the 50 SMA.
The 50 SMA is currently at 1807 area while the 200 SMA is at 1799 level on the 4 hour time frame.
Sellers may have some level of hope if by chance, price slides and close below the 200 SMA.
Daily Time Frame:
Market may open around 1814.21 which is below previous day pivot (previous day pivot is 1818.58).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Ranging market structure which is visible on the Daily chart.
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29th July, 2021 (23:20 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.The bears stepped in at 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 29th July 2021 is above the pivot point (pivot point is 1822.52, while closing price is 1827.80).Today’s price open is at 1828.83.
Below is the calculated Pivot Point, Support and Resistance levels for30h July, 2021.Resistance 3
1863.26Resistance 2
1849.92Resistance 1
1837.87Pivot Point
1822.52Support 1
1812.46Support 2
1797.12Support 3
1787.06
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28th July, 2021 (23:20 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.The bears stepped in at 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 28th July 2021 is above the pivot point (pivot point is 1803.87, while closing price is 1807.10).Today’s price open is at 1807.20
Below is the calculated Pivot Point, Support and Resistance levels for 29th July, 2021.Resistance 3
1830.78Resistance 2
1820.20Resistance 1
1813.65Pivot Point
1803.87Support 1
1796.52Support 2
1785.94Support 3
1779.39
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27th July, 2021 (23:20 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bearish on the daily time frame.The bears stepped in at 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 27th July 2021 is below the pivot point (pivot point is 1799.04, while closing price is 1798.47).Today’s price open is at 1800.17.
Below is the calculated Pivot Point, Support and Resistance levels for 28th July, 2021.Resistance 3
1816.17Resistance 2
1810.65Resistance 1
1804.56Pivot Point
1799.04Support 1
1792.95Support 2
1787.43Support 3
1781.34
1 hr Time Frame:
Price (currently Ranging) is Retracing downward on the one hour time frame. The 200SMA is serving as a Resistance at the 1808 level.The Pivot point 1799.04, is currently above closing price (closing price is 1798.47).
Technically, the Range may likely continue until price breaks out upward or downward.
Some traders are viewing the pattern as Bullish Flag while some are seeing a Head and Shoulder pattern.
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26th July, 2021 (22:20 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bearish on the daily time frame.The bears stepped in at 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 26th July 2021 is above the pivot point (pivot point is 1801.80, while closing price is 1797.63).Today’s price open is at 1797.95.
Below is the calculated Pivot Point, Support and Resistance levels for 27th July, 2021.Resistance 3
1822.41Resistance 2
1816.93Resistance 1
1807.28Pivot Point
1801.80Support 1
1792.15Support 2
1786.67Support 3
1777.02
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25th July, 2021 (08:20 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Neutral on the daily time frame.The bears stepped in at 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 23rd July 2021 is above the pivot point (pivot point is 1800.56, while closing price is 1801.87). Below is the calculated Pivot Point, Support and Resistance levels for 26th July, 2021.Resistance 3
1832.37Resistance 2
1821.33Resistance 1
1811.60Pivot Point
1800.56Support 1
1790.83Support 2
1779.79Support 3
1770.06Amazon Reload
1 hr Time Frame:
Price (currently Ranging) is Retracing downward on the one hour time frame. The 200SMA is serving as a Resistance at the 1812 level.The Pivot point 1800.56, is currently below closing price (closing price is 1801.87).
Technically, the Range may likely continue until price breaks out upward or downward.
Some traders are viewing the pattern as Bullish Flag while some are seeing a Head and Shoulder pattern.
The 200 Simple Moving Average SMA is currently above price at the 1812 area.
Levels to watch on 1hr time frame:
Resistance: 1811, 1821, and 1823.
Support: 1790, 1779 and 1770.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1813 area.Price is currently below the 50 SMA.
The 50 SMA is currently at 1812 area while the 200 SMA is at 1810 level on the 4 hour time frame.
We will expect price to break out in one direction soon.Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market may open around 1801.87 which is above previous day pivot (previous day pivot is 1800.56).Bears may want to take advantage of this to push price downward by the end of the day.
Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High, Higher Low levels.
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22nd July, 2021 (23:00 GMT)
XAUUSD DAILY TF:
XAUUSD is currently forming a Top on the daily time frame.The bears stepped in at 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 22nd July 2021 is well above the pivot point (pivot point is 1802.40, while closing price is 1806.45).Today’s price open is at 1806.85.
Below is the calculated Pivot Point, Support and Resistance levels for 23rd July, 2021.Resistance 3
1827.27Resistance 2
1817.63Resistance 1
1812.04Pivot Point
1802.40Support 1
1796.81Support 2
1787.17Support 3
1781.58
On the Daily chart, we have three rejections indicating that price may go up for now.
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21st July, 2021 (22:00 GMT)
XAUUSD DAILY TF:
XAUUSD is currently forming a Top on the daily time frame.The bears stepped in at 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 21st July 2021 is below the pivot point (pivot point is 1803.89, while closing price is 1808.38).Today’s price open is at 1803.87.
Below is the calculated Pivot Point, Support and Resistance levels for 22nd July, 2021.Resistance 3
1832.24Resistance 2
1822.96Resistance 1
1813.17Pivot Point
1803.89Support 1
1794.10Support 2
1784.82Support 3
1775.03
21st July, 2021 (01:50 GMT)
XAUUSD DAILY TF:
XAUUSD is currently forming a Top on the daily time frame.The bears stepped in at 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 20th July 2021 is below the pivot point (pivot point is 1813.36, while closing price is 1810.20). Below is the calculated Pivot Point, Support and Resistance levels for 21st July, 2021.Resistance 3
1841.47Resistance 2
1833.15Resistance 1
1821.68Pivot Point
1813.36Support 1
1801.89Support 2
1793.57Support 3
1782.10
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20th July, 2021 (00:50 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.The bears stepped in at 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 19th July 2021 is below the pivot point (pivot point is 1808.29, while closing price is 1812.70). Below is the calculated Pivot Point, Support and Resistance levels for 20th July, 2021.Resistance 3
1844.00Resistance 2
1830.63Resistance 1
1821.66Pivot Point
1808.29Support 1
1799.32Support 2
1785.95Support 3
1776.98
18th July, 2021 (08:20 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.The bears stepped in at 1834 (the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame).
Price close for 16th July 2021 is below the pivot point (pivot point is 1817.46, while closing price is 1811.44). Below is the calculated Pivot Point, Support and Resistance levels for 19th July, 2021.Resistance 3
1848.89Resistance 2
1840.42Resistance 1
1825.93Pivot Point
1817.46Support 1
1802.97Support 2
1794.50Support 3
1780.01Amazon Reload
1 hr Time Frame:
Price (currently Bullish) is Retracing on the one hour time frame. The 200SMA is serving as a Support at the 1809 level.The Pivot point 1817.47, is currently above closing price (closing price is 1811.44).
Technically, the Bulls are in charge.
The 200 Simple Moving Average SMA is currently below price at the 1787 area.
Levels to watch on 1hr time frame:
Resistance: 1825, 1840, and 1848.
Support: 1802, 1794 and 1780.
4 hr Time Frame:
In this section, we will be analyzing the Death Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Death Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently above the 50 SMA.
The 50 SMA is currently at 1810 area while the 200 SMA is at 1823 level on the 4 hour time frame.
We will expect price to Range between the two levels before it breaks out in one direction.Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market may open around 1811.44 which is below previous day pivot (previous day pivot is 1817.46).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High, Higher Low levels.
However, the formation of Evening Star Candlestick pattern in the last three trading days may give the Bears some level of confidence.
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15th July, 2021 (23:31 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.The Bulls are currently having a upper hand.
Price close for 15th July 2021 is above the pivot point (pivot point is 1827.86, while closing price is 1829.40). Today’s price open is at 1829.82. Below is the calculated Pivot Point, Support and Resistance levels for 16th July, 2021.Resistance 3
1849.40Resistance 2
1841.71Resistance 1
1835.55Pivot Point
1827.86Support 1
1821.70Support 2
1814.01Support 3
1807.85
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Amazon Reload
14th July, 2021 (21:05 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.The Bulls are currently having a upper hand.
Price close for 14th July 2021 is above the pivot point (pivot point is 1820.70, while closing price is 1827.94). Today’s price open is at 1827.39. Below is the calculated Pivot Point, Support and Resistance levels for 15th July, 2021.Resistance 3
1862.09Resistance 2
1845.88Resistance 1
1836.91Pivot Point
1820.70Support 1
1811.73Support 2
1795.52Support 3
1786.53
Amazon Reload
12th July, 2021 (21:05 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame in the last five trading days.We currently have a Pin Bar on the Daily time frame showing that the Bulls are having a upper hand.
Price close for 12th July 2021 is above the pivot point (pivot point is 1805.50, while closing price is 1806.09). Today’s price open is at 1806.18. Below is the calculated Pivot Point, Support and Resistance levels for 13th July, 2021.Resistance 3
1830.65Resistance 2
1821.45Resistance 1
1814.70Pivot Point
1805.50Support 1
1798.75Support 2
1789.55Support 3
1782.80Amazon Reload
1 hr Time Frame:
Price is currently Ranging on the one hour time frame. 1791 is the new Low formed on 0ne hour time frame, 1818 remains the High point.The Pivot point 1805.50, is currently below closing price (closing price is 1806.09).
Technically, we have a Neutral Bias as price continue to move in a Range.
The 200 Simple Moving Average SMA is currently below price at the 1791 area.
Levels to watch on 1hr time frame:
Resistance: 1814, 1821, and 1830.
Support: 1798, 1789 and 1782.
4 hr Time Frame:
In this section, we will be analyzing the Golden or Death Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Bearish Death Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently below the 200 SMA.
The 50 SMA is currently at 1793 area while the 200 SMA is at 1832 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market opening prize 1806.18 which is above previous day pivot (previous day pivot is 1805.50).Bears may want to take advantage of this to push price downward by the end of the day.
Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High level.
IMPORTANT MOVING AVERAGE AND FIBONACCI LEVELS ON DAILY TIME FRAME:
We have Fibonacci levels and Moving Average points on the Daily Time Frame that may act as Support and Resistance to price.However, the following Simple and Exponential moving averages are used for this analysis below: 50 , 100 and 200.
Resistance Levels:
Moving average Resistance levels above price are as follows:Rf4 1856
Rf3 1838
Rm4 1836
Rf2 1829
Rm3 1827
Rf1 1825
Rm2 1813
Rm1 1813
(Where Rf represents Fibonacci Resistance level, and Rm represents Moving Average Resistance level).
Support Levels:
Fibonacci levels on the Monthly, Weekly and Daily time frame may form Supports at the following levels:
Sf1 1797
Sm1 1790
Sf2 1770
Sf3 1760
Sf4 1748
(Where Sf represents Fibonacci Support level).
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11th July, 2021 (23:45 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.We currently have 1833 as the 50% Fibonacci Retracement level for the 1916 – 1750 bearish leg on the Daily time frame.
Price close for 9th July 2021 is above the pivot point (pivot point is 1805.50, while closing price is 1807.96). Below is the calculated Pivot Point, Support and Resistance levels for 12th July, 2021.Resistance 3
1830.65Resistance 2
1821.45Resistance 1
1814.70Pivot Point
1805.50Support 1
1798.75Support 2
1789.55Support 3
1782.80Amazon Reload
1 hr Time Frame:
Price is currently Ranging on the one hour time frame. Range Top on 0ne hour time frame is 1818, while 1790 is the Range Bottom.The Pivot point 1805.50, is currently below closing price (closing price is 1807.96).
Technically, the Bulls are in charge.
The 200 Simple Moving Average SMA is currently below price at the 1787 area.
Levels to watch on 1hr time frame:
Resistance: 1814, 1821, and 1830.
Support: 1798, 1789 and 1782.
4 hr Time Frame:
In this section, we will be analyzing the Death Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Death Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently below the 200 SMA.
The 50 SMA is currently at 1788 area while the 200 SMA is at 1835 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market may open around 1807.96 which is above previous day pivot (previous day pivot is 1805.50).Bears may want to take advantage of this to push price downward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
In addition, the formation of Bearish candle wicks in the last three trading days may give the Bears some level of confidence.
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9th July, 2021 (00:15 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame.We currently have a double bottom on the Daily time frame and price reacted to this.
Price close for 8th July 2021 is above the pivot point (pivot point is 1804.75, while closing price is 1802.27). Today’s price open is at 1803.51. Below is the calculated Pivot Point, Support and Resistance levels for 9th July, 2021.Resistance 3
1840.26Resistance 2
1829.25Resistance 14.75
1815.76Pivot Point
1804.75Support 1
1791.26Support 2
1780.25Support 3
1766.76
8th July, 2021 (06:35 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame.We currently have a double bottom on the Daily time frame and price reacted to this.
Price close for 7th July 2021 is above the pivot point (pivot point is 1802.22, while closing price is 1803.42). Today’s price open is at 1803.51. Below is the calculated Pivot Point, Support and Resistance levels for 7th July, 2021.Resistance 3
1826.62Resistance 2
1818.09Resistance 1
1810.75Pivot Point
1802.22Support 1
1794.88Support 2
1786.35Support 3
1779.01
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6th July, 2021 (21:45 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Bullish on the daily time frame.We currently have a double bottom on the Daily time frame.
Price close for 6th July 2021 is below the pivot point (pivot point is 1800.63, while closing price is 1796.97). Below is the calculated Pivot Point, Support and Resistance levels for 7th July, 2021.Resistance 3
1836.09Resistance 2
1825.49Resistance 1
1811.23Pivot Point
1800.63Support 1
1786.37Support 2
1775.77Support 3
1761.51Amazon Reload
1 hr Time Frame:
Price is currently Bullish on the one hour time frame. 1814 is the new High formed on 0ne hour time frame.The Pivot point 1800.63, is currently above closing price (closing price is 1796.97).
Technically, we have a Bullish Bias as price breaks out upward.
The 200 Simple Moving Average SMA is currently above price at the 1779 area.
Levels to watch on 1hr time frame:
Resistance: 1811, 1825, and 1836.
Support: 1786, 1775 and 1761.
4 hr Time Frame:
In this section, we will be analyzing the Golden or Death Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Bearish Death Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently far below the 200 SMA.
The 50 SMA is currently at 1779 area while the 200 SMA is at 1842 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market opened around 1796.23 which is below previous day pivot (previous day pivot is 1800.63).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High level.
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5th July, 2021 (21:45 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Ranging on the daily time frame.We currently have a double bottom on the Daily time frame.
Price close for 5th July 2021 is above the pivot point (pivot point is 1790.10, while closing price is 1791.65). Below is the calculated Pivot Point, Support and Resistance levels for 6th July, 2021.Resistance 3
1805.68Resistance 2
1799.97Resistance 1
1795.81Pivot Point
1790.10Support 1
1785.94Support 2
1780.23Support 3
1776.07Amazon Reload
1 hr Time Frame:
Price is currently Ranging upwards on the one hour time frame. Range Top on 0ne hour time frame is 1797, while 1750 is the Range Bottom.The Pivot point 1790.10, is currently below closing price (closing price is 1791.65).
Technically, we have a Neutral Bias as price may either breakout upward or downward.
The 200 Simple Moving Average SMA is currently above price at the 1778 area.
Levels to watch on 1hr time frame:
Resistance: 1795, 1799, and 1805.
Support: 1785, 1780 and 1776.
4 hr Time Frame:
In this section, we will be analyzing the Golden or Death Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Bearish Death Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently far below the 200 SMA.
The 50 SMA is currently at 1777 area while the 200 SMA is at 1852 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market opened around 1791.13 which is above previous day pivot (previous day pivot is 1790.10).Bears may want to take advantage of this to push price downward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
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4th July, 2021 (16:35 GMT)
XAUUSD DAILY TF:
XAUUSD is currently Ranging on the daily time frame.We currently have a double bottom on the Daily time frame.
Price close for 2nd July 2021 is above the pivot point (pivot point is 1785.48, while closing price is 1787.25). Below is the calculated Pivot Point, Support and Resistance levels for 5th July, 2021.Resistance 3
1817.43Resistance 2
1806.19Resistance 1
1796.72Pivot Point
1785.48Support 1
1776.01Support 2
1764.77Support 3
1755.30Amazon Reload
1 hr Time Frame:
Price is currently Ranging on the one hour time frame. Range Top on 0ne hour time frame is 1797, while 1750 is the Range Bottom.The Pivot point 1785.48, is currently below closing price (closing price is 1787.25).
Technically, we have a Neutral Bias as price may either breakout upward or downward.
The 200 Simple Moving Average SMA is currently below price at the 1776 area.
Levels to watch on 1hr time frame:
Resistance: 1796, 1806, and 1817.
Support: 1776, 1764 and 1755.
4 hr Time Frame:
In this section, we will be analyzing the Death Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Death Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently far below the 200 SMA.
The 50 SMA is currently at 1775 area while the 200 SMA is at 1846 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market may open around 1787.25 tonight which is above previous day pivot (previous day pivot is 1785.48).Bears may want to take advantage of this to push price downward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
In addition, the formation of Bearish candle wicks in the last three trading days may give the Bears some level of confidence.
IMPORTANT MOVING AVERAGE AND FIBONACCI LEVELS ON DAILY TIME FRAME:
We have Fibonacci levels and Moving Average points on the Daily Time Frame that may act as Support and Resistance to price.However, the following Simple and Exponential moving averages are used for this analysis below: 50 , 100 and 200.
Resistance Levels:
Moving average Resistance levels above price are as follows:Rm6 1833
Rm4 1829
Rf4 1829
Rf3 1825
Rm4 1816
Rm3 1814
Rm2 1808
Rf2 1807
Rf1 1797
Rm1 1790
(Where Rf represents Fibonacci Resistance level, and Rm represents Moving Average Resistance level).
Support Levels:
There is currently no moving average below price. All moving averages are above price.Fibonacci levels on the Monthly, Weekly and Daily time frame may form Supports at the following levels:
Sf1Â 1770
Sf2 1760
Sf3 1748
Sf4Â 1723
Sf5Â 1677
(Where Sf represents Fibonacci Support level).
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2nd July, 2021 (05:46 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum in place as price forms double bottom at 1750 level on 1hr time frame.
Price close for 1st July 2021 is above the pivot point (pivot point is 1774.81, while closing price is 1776.35). You may note that Daily candle close is higher for the last two trading says (are we seeing a possible SWING LOW?). Below is the calculated Pivot Point, Support and Resistance levels for 1st July, 2021.Resistance 3
1801.29Resistance 2
1791.95Resistance 1
1784.15Pivot Point
1774.81Support 1
1767.01Support 2
1757.67Support 3
1749.87Amazon Reload
1 hr Time Frame:
Price is currently Bearish on the one hour time frame. However, we now have a double bottom on the 1 hour time frame.1750 level remains the current low price.
The Pivot point 1765.71, is currently below closing price (closing price is 1769.57).
Technically, we have a Bearish Bias as price may continue it’s downward movement.
The 200 Simple Moving Average SMA is currently above price at the 1776 area.
Levels to watch on 1hr time frame:
Resistance: 1784, 1791, and 1801.
Support: 1767, 1757 and 1749.
30th June, 2021 (22:26 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum in place as price forms double bottom at 1750 level on 1hr time frame.
Price close for 30th June 2021 is above the pivot point (pivot point is 1765.71, while closing price is 1769.57). Below is the calculated Pivot Point, Support and Resistance levels for 1st July, 2021.Resistance 3
1799.23Resistance 2
1786.77Resistance 1
1778.17Pivot Point
1765.71Support 1
1757.11Support 2
1744.65Support 3
1736.05Amazon Reload
1 hr Time Frame:
Price is currently Bearish on the one hour time frame. However, we now have a double bottom on the 1 hour time frame.1750 level remains the current low price.
The Pivot point 1765.71, is currently below closing price (closing price is 1769.57).
Technically, we have a Bearish Bias as price may continue it’s downward movement.
The 200 Simple Moving Average SMA is currently above price at the 1776 area.
Levels to watch on 1hr time frame:
Resistance: 1778, 1786, and 1799.
Support: 1757, 1744 and 1736.
29th June, 2021 (22:25 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum in place as price breaks the 1760 Range Bottom level.
Price close for 29th June 2021 is above the pivot point (pivot point is 1763.49, while closing price is 1761). Below is the calculated Pivot Point, Support and Resistance levels for 30th June, 2021.Resistance 3
1804.65Resistance 2
1791.76Resistance 1
1776.38Pivot Point
1763.49Support 1
1748.11Support 2
1735.22Support 3
1719.84Amazon Reload
1 hr Time Frame:
Price is currently Bearish on the one hour time frame. However, due to intense Bear pressure, the 1760 Range Bottom level gave way.1750 is the new low price.
The Pivot point 1763.49, is currently above closing price (closing price is 1761).
Technically, we have a Bearish Bias as price may continue it’s downward movement.
The 200 Simple Moving Average SMA is currently above price at the 1778 area.
Levels to watch on 1hr time frame:
Resistance: 1776, 1791, and 1804.
Support: 1748, 1735 and 1719.
4 hr Time Frame:
In this section, we will be analyzing the Golden or Death Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Bearish Death Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently far below the 200 SMA.
The 50 SMA is currently at 1777 area while the 200 SMA is at 1852 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market opened around 1762.01 which is below previous day pivot (previous day pivot is 1763.49).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
IMPORTANT MOVING AVERAGE AND FIBONACCI LEVELS ON DAILY TIME FRAME:
We have Fibonacci levels and Moving Average points on the Daily Time Frame that may act as Support and Resistance to price.However, the following Simple and Exponential moving averages are used for this analysis below: 50 , 100 and 200.
Support Levels:
There is currently no moving average below price. All moving averages are above price.Fibonacci levels on the Monthly, Weekly and Daily time frame may form Supports at the following levels:
Sf6 1677
Sf5Â 1688
Sf4Â 1723
Sf3 174
Sf2Â 1763
Sf1 1770
(Where Sf represents Fibonacci Support level).
Resistance Levels:
Moving average Resistance levels above price are as follows:Rm1 1791
Rf1 1797
Rf2 1807
Rm2 1808
Rm3 1816
Rf3 1825
Rf4 1829
Rm4 1819
Rm5 1831
Rf5 1838
(Where Rf represents Fibonacci Resistance level, and Rm represents Moving Average Resistance level).
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28th June, 2021 (23:25 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum in place (possible Bear Flag pattern is forming).
Price close for 28th June 2021 is above the pivot point (pivot point is 1778.40, while closing price is 1778.95). Below is the calculated Pivot Point, Support and Resistance levels for 29h June, 2021.Resistance 3
1801.28Resistance 2
1793.47Resistance 1
1786.21Pivot Point
1778.40Support 1
1771.14Support 2
1763.33Support 3
1756.07Amazon Reload
1 hr Time Frame:
Price is currently Ranging on the one hour time frame. Range Top on 0ne hour time frame is 1797, while 1760 is a Range Bottom.The Pivot point 1778.40, is currently above closing price (closing price is 1778.95).
Technically, we have a Neutral Bias as price may either breakout upward or downward.
The 200 Simple Moving Average SMA is currently above price at the 1787 area.
Levels to watch on 1hr time frame:
Resistance: 1786, 1793, and 1801.
Support: 1771, 1763 and 1756.
4 hr Time Frame:
In this section, we will be analyzing the Golden or Death Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Bearish Death Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently far below the 200 SMA.
The 50 SMA is currently at 1781 area while the 200 SMA is at 1854 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market opened around 1778.52 which is above previous day pivot (previous day pivot is 1778.40).Bears may want to take advantage of this to push price downward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
IMPORTANT MOVING AVERAGE AND FIBONACCI LEVELS ON DAILY TIME FRAME:
We have Fibonacci levels and Moving Average points on the Daily Time Frame that may act as Support and Resistance to price.However, the following Simple and Exponential moving averages are used for this analysis below: 50 , 100 and 200.
Support Levels:
There is currently no moving average below price. All moving averages are above price.Fibonacci levels on the Monthly, Weekly and Daily time frame may form Supports at the following levels:
Sf6 1677
Sf5Â 1688
Sf4Â 1723
Sf3 174
Sf2Â 1763
Sf1 1770
(Where Sf represents Fibonacci Support level).
Resistance Levels:
Moving average Resistance levels above price are as follows:Rm1 1792
Rf1 1797
Rf2 1807
Rm2 1809
Rm3 1817
Rm3 1822
Rf3 1825
Rf4 1829
Rm4 1832
Rm5 1833
Rf5 1838
(Where Rf represents Fibonacci Resistance level, and Rm represents Moving Average Resistance level).
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27th June, 2021 (02:05 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum in place (possible Bear Flag pattern is forming).
Price close for 25th June 2021 is below the pivot point (pivot point is 1781.63, while closing price is 1781.03). Below is the calculated Pivot Point, Support and Resistance levels for 28th June, 2021.Resistance 3
1806.29Resistance 2
1798.27Resistance 1
1789.65Pivot Point
1781.63Support 1
1773.01Support 2
1764.99Support 3
1756.37Amazon Reload
1 hr Time Frame:
Price is currently Ranging on the one hour time frame. Range Top on 0ne hour time frame is 1797, while 1760 is a Range Bottom.The Pivot point 1781.63, is currently above closing price (closing price is 1781.03).
Technically, we have a Neutral Bias as price may either breakout upward or downward.
The 200 Simple Moving Average SMA is currently above price at the 1797 area.
Levels to watch on 1hr time frame:
Resistance: 1789, 1798, and 1806.
Support: 1773, 1764 and 1756.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Bearish Golden Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently far below the 200 SMA.
The 50 SMA is currently at 1792 area while the 200 SMA is at 1856 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market may open around 1781.03 tonight which is below previous day pivot (previous day pivot is 1781.63).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
In addition, the formation of Bearish candle wicks in the last three trading days may give the Bears some level of confidence.
IMPORTANT MOVING AVERAGE AND FIBONACCI LEVELS ON DAILY TIME FRAME:
We have Fibonacci levels and Moving Average points on the Daily Time Frame that may act as Support and Resistance to price.However, the following Simple and Exponential moving averages are used for this analysis below: 50 , 100 and 200.
Support Levels:
There is currently no moving average below price. All moving averages are above price.Fibonacci levels on the Monthly, Weekly and Daily time frame may form Supports at the following levels:
Sf1Â 1770
Sf2Â 1763
Sf3Â 1748
Sf4Â 1723
Sf5Â 1688
Sf6 1677
(Where Sf represents Fibonacci Support level).
Resistance Levels:
Moving average Resistance levels above price are as follows:Rm1 1793
Rf1 1797
Rf2 1807
Rm2 1809
Rm3Â 1819
Rf3 1825
Rm3 1825
Rf4 1829
Rm4 1833
Rm5 1833
Rf5 1838
(Where Rf represents Fibonacci Resistance level, and Rm represents Moving Average Resistance level).
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25th June, 2021 (06:02 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Ranging on the daily time frame.We currently have an overall bearish momentum in place.
Range Top is 1797 while Range Bottom is 1760.
Price close for 2th June 2021 is below the pivot point (pivot point is 1778.17, while closing price is 1774.79). Below is the calculated Pivot Point, Support and Resistance levels for 24th June, 2021.Resistance 3
1799.29Resistance 2
1793.54Resistance 1
1784.17Pivot Point
1778.17Support 1
1769.05Support 2
1763.30Support 3
1753.93
23rd June, 2021 (21:25 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum in place.
Price close for 22nd June 2021 is below the pivot point (pivot point is 1782.14, while closing price is 1778.32). Below is the calculated Pivot Point, Support and Resistance levels for 24th June, 2021.Resistance 3
1812.66Resistance 2
1803.76Resistance 1
1791.04Pivot Point
1782.14Support 1
1769.42Support 2
1760.52Support 3
1747.80Amazon Reload
1 hr Time Frame:
Price is currently Bearish on the one hour time frame. Bearish structure is now visible as price form Lower lows and Lower Highs.The Pivot point 1782.14, is currently above closing price (closing price is 1778.32).
Technically, the Bears are currently in charge.
The 200 Simple Moving Average SMA is currently above price at the 1818 area.
Levels to watch on 1hr time frame:
Resistance: 1791, 1803, and 1812.
Support: 1769, 1760 and 1747.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Bearish Golden Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently far below the 200 SMA.
The 50 SMA is currently at 1813 area while the 200 SMA is at 1859 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market opened at 1778.53 below previous day pivot (previous day pivot is 1782.14).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
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22nd June, 2021 (21:21 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum in place.
Price close for 22nd June 2021 is below the pivot point (pivot point is 1780.31, while closing price is 1778.55). Below is the calculated Pivot Point, Support and Resistance levels for 23rd June, 2021.Resistance 3
1805.92Resistance 2
1797.97Resistance 1
1788.26Pivot Point
1780.31Support 1
1770.60Support 2
1762.65Support 3
1752.94Amazon Reload
1 hr Time Frame:
Price is currently Bearish on the one hour time frame. Bearish structure is now visible as price form Lower lows and Lower Highs.The Pivot point 1780.31, is currently above closing price (closing price is 1778.55).
Technically, the Bears are currently in charge.
The 200 Simple Moving Average SMA is currently above price at the 1831 area.
Levels to watch on 1hr time frame:
Resistance: 1788, 1797, and 1805.
Support: 1770, 1762 and 1752.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Bearish Golden Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently far below the 200 SMA.
The 50 SMA is currently at 1827 area while the 200 SMA is at 1860 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market opened at 1779.68 below previous day pivot (previous day pivot is 1780.31).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
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21st June, 2021 (22:21 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum in place.
However, Inverted Head and Shoulder (Bullish Reversal Pattern) may be developing on the 1 hour time frame. Price close for 21st June 2021 is below the pivot point (pivot point is 1778.67, while closing price is 1783.17). Below is the calculated Pivot Point, Support and Resistance levels for 22nd June, 2021.Resistance 3
1811.23Resistance 2
1798.88Resistance 1
1791.02Pivot Point
1778.67Support 1
1770.81Support 2
1758.46Support 3
1750.60Amazon Reload
1 hr Time Frame:
Price is strongly Bearish on the one hour time frame. Bearish structure is now visible as price form Lower lows and Lower Highs.The Pivot point 1778.67, is currently above closing price (closing price is 1783.17).
Technically, the Bears are currently in charge.
The 200 Simple Moving Average SMA is currently above price at the 1843 area.
Levels to watch on 1hr time frame:
Resistance: 1791, 1798, and 1811.
Support: 1770, 1758 and 1750.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Bearish Golden Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.Price is currently far below the 200 SMA.
The 50 SMA is currently at 1838 area while the 200 SMA is at 1860 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 200 SMA.
Daily Time Frame:
Market opened at 1783.97 above previous day pivot (previous day pivot is 1778.67).Bears may want to take advantage of this to push price downward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
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18th June, 2021 (22:21 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum in place.
Price close for 18th June 2021 is below the pivot point (pivot point is 1774.11, while closing price is 1764.44). Below is the calculated Pivot Point, Support and Resistance levels for 21st June, 2021.Resistance 3
1823.62Resistance 2
1810.34Resistance 1
1787.39Pivot Point
1774.11Support 1
1751.16Support 2
1737.88Support 3
1714.93Amazon Reload
1 hr Time Frame:
Price is strongly Bearish on the one hour time frame. Bearish structure is now visible as price form Lower lows and Lower Highs.The Pivot point 1774.11, is currently above closing price (closing price is 1764.44).
Technically, the Bears are currently in charge.
More Bears are coming in already, and the support at 1755 is now the next target.However, Buyers will need to break and close above the critical Resistance zone first (1855Â area).
That said, Bears have already doubled the reinforcement above 1855 zone, ready to defend it.
The 200 Simple Moving Average SMA is currently above price at the 1856 area.
Levels to watch on 1hr time frame:
Resistance: 1787, 1810, and 1823.
Support: 1751, 1737 and 1714.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Bearish Golden Cross is running as the 50 SMA crossed below the 200 SMA at 1861 area.A Bearish Golden Cross just occur on the 4hr time frame.
Price is currently far below the 200 SMA.
The 50 SMA is currently at 1868 area while the 200 SMA is at 1861 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 50 SMA.
Daily Time Frame:
Market may open at 1764.44Â below previous day pivot (previous day pivot is 1774.11).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
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17th June, 2021 (22:21 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum in place.
Price close for 17th June 2021 is below the pivot point (pivot point is 1788.39, while closing price is 1772.70). Below is the calculated Pivot Point, Support and Resistance levels for 18th June, 2021.Resistance 3
1867.59Resistance 2
1846.42Resistance 1
1809.56Pivot Point
1788.39Support 1
1751.53Support 2
1730.36Support 3
1693.50Amazon Reload
1 hr Time Frame:
Price is strongly Bearish on the one hour time frame. Bearish structure is now visible as price form Lower lows and Lower Highs.The Pivot point 1788.39, is currently above closing price (closing price is 1772.70).
Technically, the Bears are currently in charge.
More Bears are coming in already, and the support at 1755 is now the next target.However, Buyers will need to break and close above the critical Resistance zone first (1855Â area).
That said, Bears have already doubled the reinforcement above 1855 zone, ready to defend it.
The 200 Simple Moving Average SMA is currently above price at the 1869 area.
Levels to watch on 1hr time frame:
Resistance: 1809, 1846, and 1867.
Support: 1751, 1730 and 1693.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.A Bearish Golden Cross is about to occur on the 4hr ime frame.
Price is currently far below the 200 SMA.
The 50 SMA is currently at 1868 area while the 200 SMA is at 1861 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 50 SMA.
Daily Time Frame:
Market opened at 1774.87Â below previous day pivot (previous day pivot is 1788.39).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
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16th June, 2021 (22:12 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Bearish on the daily time frame.We currently have a bearish momentum in place.
Price close for 16th June 2021 is below the pivot point (pivot point is 1825.40, while closing price is 1810.13). Below is the calculated Pivot Point, Support and Resistance levels for 17th June, 2021.Resistance 3
1907.13Resistance 2
1884.98Resistance 1
1847.55Pivot Point
1825.40Support 1
1787.97Support 2
1765.82Support 3
1728.39Amazon Reload
1 hr Time Frame:
Price is currently Bearish on the one hour time frame. Bearish structure is now visible as price form Lower lows and Lower Highs.The Pivot point 1825.40, is currently above closing price (closing price is 1810.13).
Technically, the Bears are currently in charge.
More Bears are coming in already, and the support at 1797 is now the next target.However, Buyers will need to break and close above the critical Resistance zone first (1855Â area).
That said, Bears have already doubled the reinforcement above 1855 zone, ready to defend it.
The 200 Simple Moving Average SMA is currently above price at the 1879 area.
Levels to watch on 1hr time frame:
Resistance: 1847, 1884, and 1907.
Support: 1787, 1765 and 1728.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.Price is currently far below the 200 SMA.
The 50 SMA is currently at 1879 area while the 200 SMA is at 1860 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 50 SMA.
Daily Time Frame:
Market opened at 1812.49Â below previous day pivot (previous day pivot is 1825.40).Bulls may want to take advantage of this to push price upward by the end of the day.
Technically, we currently have a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
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15th June, 2021 (21:22 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Ranging  downward on the daily time frame.We currently have an Inside Bar candlestick pattern with near term bearish momentum.
Price close for 15th June 2021 is below the pivot point (pivot point is 1859.82, while closing price is 1858.81). Below is the calculated Pivot Point, Support and Resistance levels for 15th June, 2021.Resistance 3
1885.58Resistance 2
1877.33Resistance 1
1868.07Pivot Point
1859.82Support 1
1850.56Support 2
1842.31Support 3
1833.05Amazon Reload
1 hr Time Frame:
Price is currently Ranging downward on the one hour time frame. Break in structure from Ranging to Bearish is now visible.The Pivot point 1859.82, is currently above closing price (closing price is 1858.81).
Technically, the Bulls are currently having a hard time, at pushing price above the 1916 level.
More Bears are coming in already, and the support at 1845 is now a the prime target.However, Buyers will need to break and close above the critical Resistance zone first (1890Â area).
That said, Bears have already doubled the reinforcement above 1890 zone, ready to defend it.
The 200 Simple Moving Average SMA is currently above price at the 1882 area.
Levels to watch on 1hr time frame:
Resistance: 1868, 1877, and 1885.
Support: 1850, 1845, 1842, and 1833.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.Price is currently around the 200 SMA.
The 50 SMA is currently at 1881 area while the 200 SMA is at 1858 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 50 SMA.
Daily Time Frame:
Market opened at 1859.05Â below previous day pivot (previous day pivot is 1859.82). Bulls may want to take advantage of this to push price upward by the end of the day. Technically, we currently have formation of a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
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14th June, 2021 (21:22 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Ranging  downward on the daily time frame. Price close for 14th June 2021 is well below the pivot point (pivot point is 1862.82, while closing price is 1866.23). Below is the calculated Pivot Point, Support and Resistance levels for 15th June, 2021.Resistance 3
1913.8Resistance 2
1895.67Resistance 1
1880.95Pivot Point
1862.82Support 1
1848.1Support 2
1829.97Support 3
1815.25Amazon Reload
1 hr Time Frame:
Price is currently Ranging downward on the one hour time frame. Break in structure from Ranging to Bearish is now visible.The Pivot point 1862.82, is currently below closing price (closing price is 1866.23).
Technically, the Bulls are currently having a hard time, at pushing price above the 1916 level.
More Bears are coming in already, and the Ascending trendline support at 1874 is now a thing of the past.However, Buyers will need to break and close above the critical Resistance zone first (1903Â area).
That said, Bears have already doubled the reinforcement above 1903 zone, ready to defend it.
The 200 Simple Moving Average SMA is currently above price at the 1886.81 area.
Levels to watch on 1hr time frame:
Resistance: 1880, 1895, and 1913.
Support: 1848, 1829, and 1815.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.Price is currently below the 50 SMA.
The 50 SMA is currently at 1897.70 area while the 200 SMA is at 1856.11 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 50 SMA.
Daily Time Frame:
Market opened at 1866.21 below previous day pivot (previous day pivot is 1862.87)Â Â Â Â Â Â Â Â Â Â . Bears may want to take advantage of this to push price downward by the end of the day. Technically, we currently have formation of a Bearish market structure which is visible on the Daily chart.Daily price is currently printing Lower Low, Lower High levels.
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13th June, 2021 (21:22 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Ranging  on the daily time frame. Price close for 11th June 2021 is well below the pivot point (pivot point is 1884.46, while closing price is 1876.08). Below is the calculated Pivot Point, Support and Resistance levels for 14th June, 2021.Resistance 3
1923.15Resistance 2
1913.05Resistance 1
1894.56Pivot Point
1884.46Support 1
1865.97Support 2
1855.87Support 3
1837.38Amazon Reload
1 hr Time Frame:
Price is currently Ranging on the one hour time frame.The Pivot point 1884.46, is currently above closing price (closing price is 1876.08).
Technically, the Bulls are currently having a hard time, at pushing price above the 1916 level.
More Bears are coming in already, and the battle for the break of the Ascending trendline at 1874 is ongoing.However, Sellers will need to break the immediate Support zone first (1865Â area).
That said, Bears have already doubled the reinforcement below Support 1 at 1865Â zone, ready to defend it.
The 200 Simple Moving Average SMA is currently above price at the 1891 area.
Levels to watch on 1hr time frame:
Resistance: 1884, 1894, 1913 and 1923.
Support: 1854, 1855, and 1837.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.Price is currently below the 50 SMA.
The 50 SMA is currently at 1891 area while the 200 SMA is at 1853 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price jumps and close above the 50 SMA.
Daily Time Frame:
Market opened at 1875.99 below previous day pivot (previous day pivot is 1884.46. Bulls may want to take advantage of this to push price upward by the end of the day. Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High, Higher Low levels.
Price is also moving in an ascending channel.
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11th June, 2021 (22:22 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Ranging upwards on the daily time frame. Price close for 10th June 2021 is well above the pivot point (pivot point is 1889.70, while closing price is 1899.56). Below is the calculated Pivot Point, Support and Resistance levels for 10th June, 2021.Resistance 3
1939.66Resistance 2
1919.72Resistance 1
1909.64Pivot Point
1889.70Support 1
1879.62Support 2
1859.68Support 3
1849.60Amazon Reload
1 hr Time Frame:
Price is currently forming a Higher Low on the one hour time frame.The Pivot point 1889.70, is currently below closing price (closing price is 1899.56).
Technically, the Bulls are currently in control as every dip in price will be used as a Buying point by the Bulls.
However, Sellers will need to break the immediate Support zone first (1879Â area).
That said, Bears have already doubled the reinforcement below Support 1 at 1874Â zone, ready to defend it.
The 200 Simple Moving Average SMA is currently below price at the 1893 area.
Levels to watch on 1hr time frame:
Resistance: 1909, 1916, 1919and 1939.
Support: 1879, 1859, and 1849.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.Price is currently above the 50 SMA.
The 50 SMA is currently at 1893 area while the 200 SMA is at 1849 level on the 4 hour time frame.
Sellers may have some level of hope if by chance, price slides and close below the 200 SMA.
Daily Time Frame:
Market opened at 1898.07 above previous day pivot (previous day pivot is 1889.70. Bears may want to take advantage of this to push price downward by the end of the day. Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High, Higher Low levels.
Price is also moving in an ascending channel.
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10th June, 2021 (22:22 GMT)
XAUUSD 1HR TF:
XAUUSD is currently forming a double top on the daily time frame. Price close for 9th June 2021 is below the pivot point (pivot point is 1891.64, while closing price is 1888.81). Below is the calculated Pivot Point, Support and Resistance levels for 9th June, 2021.Resistance 3
1907.65Resistance 2
1903.26Resistance 1
1896.03Pivot Point
1891.64Support 1
1884.41Support 2
1880.02Support 3
1872.79Amazon Reload
1 hr Time Frame:
Price is currently forming a Lower High on the one hour time frame.The Pivot point 1891.64, is currently above closing price (closing price is 1888.81).
Technically, the Bulls are currently in control as every dip in price will be used as a Buying point by the Bulls.
However, Sellers will need to break the immediate Support zone first (1882Â area).
That said, Bears have already doubled the reinforcement below Support 1 at 1882Â zone, ready to defend it.
The 200 Simple Moving Average SMA is currently above price at the 1894 area.
Levels to watch on 1hr time frame:
Resistance: 1896, 1903, 1907 and 1909.
Support: 1884, 1880, and 1872.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.Price is currently below the 50 SMA, attempting to break above it.
The 50 SMA is currently at 1895 area while the 200 SMA is at 1843 level on the 4 hour time frame.
Sellers may have some level of hope if by chance, price slides and close below the 200 SMA.
Daily Time Frame:
Market opened at 1888.81 below previous day pivot (previous day pivot is 1891.64). Bulls may want to take advantage of this to push price upward by the end of the day. Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High, Higher Low levels.
Price is also moving in an ascending channel.
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How To Calculate Pivot Point
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9th June, 2021 (22:22 GMT)
XAUUSD 1HR TF:
XAUUSD is currently forming a double top on the daily time frame. Price close for 8th June 2021 is below the pivot point (pivot point is 1893.44, while closing price is 1892.98). Below is the calculated Pivot Point, Support and Resistance levels for 9th June, 2021.Resistance 3
1922.95Resistance 2
1913.27Resistance 1
1903.12Pivot Point
1893.44Support 1
1883.29Support 2
1873.61Support 3
1863.46Amazon Reload
1 hr Time Frame:
Price is currently forming a Lower High on the one hour time frame.The Pivot point 1893.44, is currently above closing price (closing price is 1892.98).
Technically, the Bulls are currently in control as every dip in price will be used as a Buying point by the Bulls.
However, Sellers will need to break the immediate Support zone first (1883Â area).
That said, Bears have already doubled the reinforcement below Support 1 at 1883Â zone, ready to defend it.
The 200 Simple Moving Average SMA is currently above price at the 1895Â area.
Levels to watch on 1hr time frame:
Resistance: 1903, 1909, 1913, and 1916.
Support: 1883, 1873, and 1863.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.Price is currently below the 50 SMA, attempting to break above it.
The 50 SMA is currently at 1895 area while the 200 SMA is at 1843 level on the 4 hour time frame.
Sellers may have some level of hope if by chance, price slides and close below the 200 SMA.
Daily Time Frame:
Market opened at 1891.64 below previous day pivot (previous day pivot is 1893.44). Bulls may want to take advantage of this to push price upward by the end of the day. Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High, Higher Low levels.
Price is also moving in an ascending channel.
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7th June, 2021 (23:22 GMT)
XAUUSD 1HR TF:
XAUUSD is currently forming a top on the daily time frame. Price close for 4th June 2021 is well above the pivot point (pivot point is 1880.93, while closing price is 1891.43). Below is the calculated Pivot Point, Support and Resistance levels for 7th June, 2021.Resistance 3
1947.16Resistance 2
1921.61Resistance 1
1906.52Pivot Point
1880.97Support 1
1865.88Support 2
1840.33Support 3
1825.24Amazon Reload
1 hr Time Frame:
Price is currently forming a Lower High on the one hour time frame.The Pivot point 1880.97, is currently below closing price (closing price is 1891.43).
Technically, the Bulls are currently in control as every rise in price will be used as a Buying point by the Bulls.
However, Sellers will need to break the immediate Support zone first (1865Â area).
That said, Bears have already doubled the reinforcement below Support 1 at 1865Â zone, ready to defend it.
The 200 Simple Moving Average SMA is currently above price at the 1895Â area.
Levels to watch on 1hr time frame:
Resistance: 1906, 1916, 1921, and 1947.
Support: 1874, 1865, 1855 and 1840.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.Bulls took advantage of this Cross back then (15th April 2021), and it is currently a leverage for the Bulls.
Price is currently below the 50 SMA, attempting to break above it.Implication is, price may likely rise above the 50 SMA.
The 50 SMA is currently at 1896 area while the 200 SMA is at 1837 level on the 4 hour time frame.
Sellers may have some level of hope if by chance, price slides and close below the 200 SMA.
Daily Time Frame:
Market opened at 1890.11 above previous day pivot (previous day pivot is 1880.97). Bears may want to take advantage of this to push price downward by the end of the day. Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High, Higher Low levels.
Price is also moving in an ascending channel.
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How To Calculate Pivot Point
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Bursting Bubble Trader
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4th June, 2021 (22:22 GMT)
XAUUSD 1HR TF:
XAUUSD is currently forming a top on the daily time frame. Price close for 3rd June 2021 is well below the pivot point (pivot point is 1881.82, while closing price is 1870.62). Below is the calculated Pivot Point, Support and Resistance levels for 4th June, 2021.Resistance 3
1942.62Resistance 2
1926.09Resistance 1
1898.35Pivot Point
1881.82Support 1
1854.08Support 2
1837.55Support 3
1809.81Amazon Reload
1 hr Time Frame:
Price is currently forming a top on the one hour time frame.A break of the current Low, 1865 will take price to 1854 area (Support 1).
Resistance 1 is currently at 1898 zone.The Pivot point 1881.82, is currently above closing price (closing price is 1870.62).
Technically, the Bears are currently in control as every rise in price will be used as a Selling point by the Bears.
However, Buyers will need to break the immediate Resistance zone first (1898Â area).
That said, Bears have already doubled the reinforcement below Resistance 1 at 1898Â zone, ready to defend it.
The 200 Simple Moving Average SMA is currently above price at the 1896Â area.
Levels to watch on 1hr time frame:
Resistance: 1890, 1898, 1926, and 1942.
Support: 1854, 1837 and 1809.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.Bulls took advantage of this Cross back then (15th April 2021), and it is currently a leverage for the Bulls.
Price is currently below the 50 SMA leaving behind a Head and Shoulder pattern.Implication is, price may likely slide towards the 200 SMA below.
The 50 SMA is currently at 1896 area while the 200 SMA is at 1833 level on the 4 hour time frame.
Buyers may have some level of hope if by chance, price rises and close above the 50 SMA.
Daily Time Frame:
Market opened at 1871.25 below previous day pivot (previous day pivot is 1881.82). Bulls may want to take advantage of this to push price upward by the end of the day. Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High, Higher Low levels.
Price is also moving in an ascending channel.
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How To Calculate Pivot Point
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Bursting Bubble Trader
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3rd June, 2021 (23:43 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Ranging on the daily time frame. Gold price is currently hovering above the 1900 psychological level. Price close for 2nd June 2021 is well above the pivot point (pivot point is 1903.96, while closing price is 1908.58). Below is the calculated Pivot Point, Support and Resistance levels for 3rd June, 2021.Resistance 3
1928.35Resistance 2
1918.68Resistance 1
1913.63Pivot Point
1903.96Support 1
1898.91Support 2
1889.24Support 3
1884.19Amazon Reload
1 hr Time Frame:
Price is currently in a Ranging structure on the one hour time frame.Range Top is 1916Â while Range Bottom is 1882.
Bulls were unable to close price above the 1912 Range Top level in the previous trading session.A break of the current High, 1916 will take price to 1918 area (Resistance 2).
Resistance 1 is currently at 1913 zone.The Pivot point 1903.96, is currently below closing price (closing price is 1908.58).
Technically, the Bulls are currently in control as every dip in price will be used as a Buying point by the Bulls.
However, Sellers will need to break the immediate Support zone first (1898Â area).
That said, Bulls have already doubled the reinforcement below Support 1 at 1891Â zone, ready to defend it.
The 200 Simple Moving Average SMA is currently below price at the 1891Â area.
Levels to watch on 1hr time frame:
Resistance: 1913, 1916, 1918, and 1928.
Support: 1889, 1882, 1878, and 1865.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.Bulls took advantage of this Cross back then (15th April 2021), and it is currently a leverage for the Bulls.
Price is currently above the 50 SMA after bouncing off at the latest Area of Value, 1892 zone.The 50 SMA is currently at 1893 area while the 200 SMA is at 1826 level on the 4 hour time frame.
Sellers may have some level of hope if by chance, price drops and close below the 50 SMA.
Daily Time Frame:
Market opened at 1908.37 above previous day pivot (previous day pivot is 1903.96). Bears may want to take advantage of this to push price downward by the end of the day. Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High, Higher Low levels.
Price is also moving in an ascending channel.
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How To Calculate Pivot Point
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Bursting Bubble Trader
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2nd June, 2021 (22:43 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Ranging on the daily time frame. Gold price is currently hovering around the 1900 psychological level. Price close for 1st June 2021 is below the pivot point (pivot point is 1902.86, while closing price is 1899.79). Below is the calculated Pivot Point, Support and Resistance levels for 2nd June, 2021.Resistance 3
1937.64Resistance 2
1927.07Resistance 1
1913.43Pivot Point
1902.86Support 1
1889.22Support 2
1878.65Support 3
1865.01Amazon Reload
1 hr Time Frame:
Price is currently in a Ranging structure on the one hour time frame.Range Top is now 1916Â while Range Bottom is 1882.
Bulls were unable to close price above the 1912 Range Top level in the previous trading session.A break of the current High, 1916 will take price to 1927 area (Resistance 2).
Resistance 1 is currently at 1913 zone. Higher High price point is currently forming on the one hour time frame. We are yet to see a Lower Low price point, to suggest a break in structure.The Pivot point 1902.86, is currently above closing price (closing price is 1899.79).
Technically, the Bulls are currently in control as every dip in price will be used as a Buying point by the Bulls.
However, Sellers will need to break the immediate Support zone first (1889Â area).
That said, Bulls have already doubled the reinforcement below Support 1 at 1889Â zone, ready to defend it.
The 200 Simple Moving Average SMA is currently below price at the 1891Â area.
Levels to watch on 1hr time frame:
Resistance: 1913, 1916, 1927, and 1937.
Support: 1889, 1882, 1878, and 1865.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area.Bulls took advantage of this Cross back then (15th April 2021), and it is currently a leverage for the Bulls.
Price is currently above the 50 SMA after bouncing off at the latest Area of Value, 1894 zone.The 50 SMA is currently at 1896 area while the 200 SMA is at 1830 level on the 4 hour time frame.
Sellers may have some level of hope if by chance, price drops and close below the 50 SMA.
Daily Time Frame:
Market opened at 1908.67 above previous day pivot (previous day pivot is 1902.86). Bulls may want to take advantage of this to push price upward by the end of the day. Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High, Higher Low levels.
Price is also moving in an ascending channel.
The latest Daily candle is a Bearish Engulfing bar and this should give the Bulls some concern.
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How To Calculate Pivot Point
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1st June, 2021 (22:17 GMT)
XAUUSD 1HR TF:
XAUUSD is currently Ranging on the daily time frame. Gold price is currently hovering above the 1900 psychological level. Price close for 31st May 2021 is above the pivot point (pivot point is 1906.39, while closing price is 1906.54). However, price is currently in the mode of closing above previous Day Pivot level in recent trading days.The consecutive daily closure above previous Day Pivot point, may be the reason for the continuous Bullish price move of XAUUSD.
Below is the calculated Pivot Point, Support and Resistance levels for 1st June, 2021.Resistance 3
1919.23Resistance 2
1914.9Resistance 1
1910.72Pivot Point
1906.39Support 1
1902.21Support 2
1897.88Support 3
1893.7Amazon Reload
1 hr Time Frame:
Price is currently in a Ranging structure on the one hour time frame.Range Top is 1912 while Range Bottom is 1882.
Bears were unable to close price below the 1882 Range Bottom level in the previous trading session. Price is currently bouncing above ascending trend lines.A break of the current High, 1912 will take price to 1914 area (Resistance 2).
Resistance 1 is currently at 1910 zone.This may be a pointer that the 1888 zone may serve as a Strong Support zone.
Higher High price point is currently forming on the one hour time frame.The Pivot point 1906.39, is currently below closing price (closing price is 1906.54).
Technically, the Bulls are currently in control as every dip in price will be used as a Buying point by the Bulls.
However, Sellers will need to break the immediate Support zone first (1888 area).
That said, Bulls have already doubled the reinforcement below Support 1 at 1890Â zone, ready to defend it.
The 200 Simple Moving Average SMA is currently below price at the 1887Â area.
It (200 SMA) is also turning up at a much faster rate towards price.
Levels to watch on 1hr time frame:
Resistance: 1910, 1912, 1914, and 1919.
Support: 1902, 1897, 1893, and 1890.
4 hr Time Frame:
In this section, we will be analyzing the Golden Cross on the 4 hour time frame. Currently on the 4 hour time frame, the Golden Cross is running as the 50 SMA crossed above the 200 SMA at 1729 area. Bulls took advantage of this Cross back then (15th April 2021), and it is currently a leverage for the Bulls. Price is currently above the 50 SMA after bouncing off at the latest Area of Value, 1883 zone.The effect of the Bullish Golden Cross is still strong. Price may see more upside movement as a result of this.
Price is now rising High.
The 50 SMA is currently at 1889 area while the 200 SMA is at 1821 level on the 4 hour time frame.
Sellers may have some level of hope if by chance, price drops and close below the 50 SMA.
Daily Time Frame:
Market opened at 1907.18 above previous day pivot (previous day pivot is 1906.39). Bears may want to take advantage of this to push price downward by the end of the day. Technically, we currently have a Bullish market structure which is visible on the Daily chart.Daily price is currently printing Higher High, Higher Low levels.
Price is also moving in an ascending channel.
Previous High/Resistance (1890 level) is currently serving as Support level to price.
Fundamentals:
High Impact news tomorrow is E.U Consumer Price Index data coming up in the London session at 09:00 GMT.
Another High Impact news is Canada’s ross Domestic Product data coming up in the Newyork session at 12:30 GMT.
High Impact news is U.S ISM Manufacturing PMI data coming up in the Newyork session at 14:00 GMT.
Check Out XAUUSD Previous Forecast:
Gold Market Cap 31st May 2021
Gold Market Cap 28th May 2021
How To Calculate Pivot Point
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