How Do You Draw Support and Resistance using Gold Pivot Points?

How to Interpret Support and Resistance Zones using XAUUSD Pivot Points

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

Gold Pivot points will calculate 3 Support Areas below the current xauusd price & 3 Resistance Levels above the current xauusd price.

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

The pivot points xauusd technical indicator is made up of a center pivot that's surrounded by 3 resistance levels above & Three 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 & Resistance Zones using Gold Pivot Points?

Support Levels using XAUUSD Pivot Points

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

Buy gold signal - when price moves down towards one of the pivot support level, 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 Pivot Points

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

Sell gold 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 Gold Pivot Points are used to generate buy signals

Analyze Support & Resistance Zones using Gold Pivot Points