August 13, 2021

Gold Price Forecast XAUUSD Pivot Points – 13th Aug. 2021

Trading around $1750 and above, the pair Gold (XAU/USD) was trading high within the first resistance R1 at the start of the European Session.

But today is Friday, most businesses and investors will try to round up their business activities for the day being the end of the business week.

As such, Gold (XAU/USD) is likely to end the day at the Pivot Point at the $1750.85 point level. This is our GOLD PRICE FORECAST for today.

Opportunity dances with those on the dance floor For traders, this is a bearish call for Gold (XAU/USD) to go short on the pair with a stop loss around the pivot point of the 1750 mark.

God continues to be lackluster as the bull’s rallies are still weak.

Here’s our Gold (XAU/USD) pivot point analysis for the weekend.

Gold Price Forecast: XAUUSD Pivot Points – 13th Aug. 2021

Resistance 3R31813.17
Resistance 2R21801.46
Resistance 1R11794.32
Pivot PointPP1782.61
Support 1S11775.47
Support 2S21763.76
Support 3S31756.62

As with any business, discipline, patience, and good money management are needed to trade perfectly.

Happy weekend.

About the author 

Emmanuel Uzoezie

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