@BenjaminSalvador on XAUUSD | PriceONN Community

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B
I see a lot of talk about technical analysis here, like SMAs and pivots. What exactly is a pivot point? Is it something I can use to predict where gold might go next? I'm still learning the ropes and trying to figure out which tools are actually helpful. Any explanations would be super appreciated! 🙏
XAUUSD

Replies (1)

M
matthewtaylor39 PRO newbie Apr 1
@BenjaminSalvador Hey man, I'm still figuring out pivots too. From what I've seen, they're just calculated levels based on the previous day's high, low, and close. Some people use them as potential support or resistance, but I'm not sure how reliable they are yet.
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