August 9, 2021

Gold - XAUUSD Pivot Points - 9th Aug. 2021

Gold saw a massive selloff following a strong US data report during the start of the New York trading session on Friday 6th of Aug. 2021.

As gold keeps responding to strong fundamental data and a stronger USD, this sent gold to a bearish bias. Gold sentiment, therefore, has turned bearish, and this means that, for the time being, we advise the lookout for possible SELL setup trades, and go short on XAUUSD.

We will, therefore, use the daily pivot point of XAUUSD to determine our range of trading for the day.

Since we already show you how to use pivot points in forex trading, and how to calculate these pivot points, we will go over Gold – XAUUSD Pivot Points for today.

Gold – XAUUSD Pivot Points – 9th Aug. 2021

Gold is currently bearish as a result of a stronger-than-expected US data report.

Below are the calculated pivot point, support, and resistance levels for 9th August 2021.

Gold – XAUUSD Pivot Points – 9th Aug. 2021

Resistance 3R31839.04
Resistance 2R21821.96
Resistance 1R11792.92
Pivot PointPP1775.84
Support 1S11746.8
Support 2S21729.72
Support 3S31700.68

Which you a happy trading experience.

About the author 

Emmanuel Uzoezie

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