How to Analyze Support and Resistance using XAUUSD Trading Pivot Points

How to Analyze Support and Resistance Zones using XAUUSD Trading Pivot Points

Traders wanting to trade using xauusd support and resistance levels can use XAUUSD Pivot Points technical indicator which is used by gold trading technical traders to calculate Resistance Zones as well as Support Levels for the gold price.

XAUUSD Trading Pivot points will calculate 3 Support Levels below the current gold price & 3 Resistance Levels above the current gold price.

Traders can use XAUUSD Trading Pivot Points indicator to find where these Support and Resistance Levels are - and then use these Support and Resistance Levels to open their gold trades or close their gold trades depending on the signals generated by their xauusd system.

The pivot points gold trading technical indicator is made up of a center pivot that is surrounded by Three resistance levels above and 3 support levels below

Resistance Level 3

Resistance Level 2

Resistance Level 1

Pivot Point

Support Level 1

Support Level 2

Support Level 3

Analyze Support and Resistance using XAUUSD Trading Pivot Points

Support Levels using XAUUSD Trading Pivot Points

Support Levels in XAUUSD Pivot Points are used to generate buy signals

Buy xauusd signal - when price moves down towards one of the pivot support area, then touches the pivot indicator support level or moves slightly beyond the pivot indicator support level and then quickly reverses and moves upwards.

Resistance Levels using Gold Trading Pivot Points

Resistance Levels in XAUUSD Pivot Points are used to generate sell signals

Sell xauusd signal - when price moves up toward one of the pivot point resistance level, then touches the pivot indicator resistance level or moves slightly beyond the pivot indicator resistance level and then quickly reverses and moves downwards.

Support Levels in XAUUSD Trading Pivot Points are used to generate buy signals

Analyze Support and Resistance using XAUUSD Trading Pivot Points