Trading XAUUSD Find Support & Resistance using Gold Trading Pivot Points

Trading XAUUSD Find Support & 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 indicator is made up of a central pivot-point which is surrounded by Three resistance levels above and Three support levels below

Resistance Level 3

Resistance Level 2

Resistance Level 1

Pivot Point

Support Level 1

Support Level 2

Support Level 3

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Support Levels using Pivot Points

Support Zones in Pivot Points are used to generate buy trading 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 Pivot Points

Resistance Zones in 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 Pivot Points are used to generate buy signals - Resistance Levels in Pivot Points are used to generate sell signals

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