How Do You Draw Support and Resistance using Pivot Points?

How to Interpret Support and Resistance Zones using XAUUSD Pivot Points

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

Gold Pivot points will calculate 3 Support Areas below the current price & Three Resistance Levels above the current 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 trades or close their trades depending on the signals generated by their system.

The pivot points 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 and Resistance Zones using Pivot Points?

Support Levels using XAUUSD Pivot Points

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

Buy signal - when the 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 upward.

Resistance Levels using Pivot Points

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

Sell signal - when the price moves up toward one of the pivot point resistance area, 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 and Resistance Zones using Pivot Points