@jackson7206 on XAUUSD | PriceONN Community

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jackson7206
jackson7206 PRO newbie
XAUUSD Mar 23
Hey everyone, I keep hearing about these 'pivots' for XAUUSD, like S2 and R1. What exactly are they and how do you guys use them? I see the numbers but they look like random points on the chart sometimes. Do you draw lines on your charts for them? Is it like support and resistance but more precise? I feel like I'm missing something crucial here and it's making me nervous when I see the price hitting them. Any pointers for a newbie trying to understand this stuff would be awesome!
XAUUSD

Replies (1)

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olivia7273 PRO newbie Mar 25
Hey @jackson7206, I'm also new to this and those pivot points look like magic numbers to me. I just see the price bounce off them sometimes but I don't really understand why. Like support and resistance, I guess?
EURUSD 1.16153 +0.16%
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XAUUSD 4,442.66 +0.19%
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