Which timeframe should I use pivots on?

Daily pivots suit intraday charts from 5 to 60 minutes. Weekly pivots suit swing trades.

Are pivot points better than support and resistance?

They are a form of it — objective levels everyone computes the same way.

Do pivot points work on gold?

Yes, XAU/USD respects daily pivots often, but it moves fast, so size smaller.

Education · Indicators

Pivot points: the levels every day trader watches.

Pivot points turn yesterday's high, low and close into today's map. Because so many traders use the same formula, the levels often act as real support and resistance.

The formula.

Pivot (P) = (High + Low + Close) ÷ 3, using the previous day.

R1 = 2P − Low, S1 = 2P − High. R2 = P + (High − Low), S2 = P − (High − Low).

How to trade them.

Price above P: bias long, R1 as first target.
Price below P: bias short, S1 as first target.
Rejections at R1/S1 with a candle confirmation are cleaner than blind limit orders.
Place stops beyond the next level, then size the trade from that stop.

Where they fail.

On strong trend days price slices through levels. Combine pivots with market structure, and stand aside around big news if your plan says so.

FAQ

Questions fréquentes.

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The core idea.

Another level tool.

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