GOLD XAUUSD Pivot Point Today

Technical Analysis: XAU/USD (Gold Spot)

Chart Overview

The chart shows a 15-minute timeframe for Gold (XAU/USD), with pivot points (Camarilla Daily) and Donchian Channel (DC) indicator applied. The market currently trades around $2,685.09, indicating a relatively neutral stance after testing key support and resistance levels.

Key Levels Identified

• Resistance 4 (R4): $2,707.87

• Resistance 3 (R3): $2,698.42

• Resistance 2 (R2): $2,695.26

• Resistance 1 (R1): $2,692.11

• Pivot Point (P): $2,683.48

• Support 1 (S1): $2,685.81

• Support 2 (S2): $2,682.66

• Support 3 (S3): $2,679.50

• Support 4 (S4): $2,670.05

Price Movement Analysis

The current price of $2,685.09 is very close to the pivot point ($2,683.48), indicating a consolidation phase. The price has shown rejection near the R1 level ($2,692.11) and is now testing lower support levels.

• Bullish Scenario:
  If the price breaks above R1 ($2,692.11), we could see a further push toward R2 ($2,695.26) and potentially R3 ($2,698.42).

• Bearish Scenario:
  If the price fails to hold above the pivot point ($2,683.48), it could drop to test S1 ($2,685.81) and even S2 ($2,682.66), with a potential move toward S3 ($2,679.50).

Technical Indicators

• Donchian Channel (DC) indicates a relatively narrow range, suggesting that the market is consolidating. A breakout in either direction could indicate a strong move.

• The market is currently indecisive, with neither bulls nor bears taking full control.

Trading Strategy Suggestion

1. For Long Positions (Buy):

   • Entry: Above R1 ($2,692.11)

   • Target: R2 ($2,695.26) and R3 ($2,698.42)

   • Stop Loss: Below Pivot Point ($2,683.48)

2. For Short Positions (Sell):

   • Entry: Below Pivot Point ($2,683.48)

   • Target: S2 ($2,682.66) and S3 ($2,679.50)

   • Stop Loss: Above R1 ($2,692.11)

XM Global Cashback Bonus Offer

XM Global offers one of the biggest cashback bonuses for traders!
✅ Partner Code: 6M888
💰 Receive up to $80 per lot traded!

With this cashback offer, you can maximize your earnings on every trade, making your trading experience more rewarding.

Trusted by 21,120+ XM traders across the world, and 510+ partner since 2019.

👉 Visit: https://tradewithxm.com for more details and registration. Or link below!

XM Global Biggest Cashback Rebate

6M888

To Activate 90% Lifetime Rebates use our XM Partner Code

6M888

Instantly receive an extra cash based on your daily transaction on XM member area e-wallet.

*For existing clients to join our auto-rebates program, open an additional trading account from Member Area and use 6M888 as your partner code to activate your 90% Rebates Cashback*