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Here is the daily technical analysis for June 21, 2024. The data and analysis in this bulletin can be widely used for your trading activities. However, it should be noted that GICTrade and the data providers are not responsible for the results of your trading.
We will provide you with the forecast of price movements in Forex and Commodities, complete with the calculation of Pivot points, Resistance, and Support levels.
USDJPY
USD/JPY on the 1-hour period is below the first resistance area at 159.070, attempting to move down towards the pivot area at 158.440 and potentially reaching the first support area at 157.940. Meanwhile, the RSI indicator is below the pivot area, suggesting that the yen has the potential to decline further.
Suggest: Sell 159.000 TP1 158.700 TP2 158.400 SL 159.300
XAUUSD
Gold prices on the 1-hour period are above the first resistance area at 2363.10, attempting to move up towards the second resistance area at 2383.20 and potentially reaching the third resistance area at 2400.90. Meanwhile, the RSI indicator is above the pivot area, indicating that gold prices have the potential to rise further.
Suggest: Buy 2360.00 TP1 2365.00 TP2 2370.00 SL 2355.00
CLSK (OIL)
Oil prices on the 1-hour period are above the first support area at 80.63, with the potential to move up to the pivot area at 81.06 and further towards the first resistance area at 81.73. Meanwhile, the RSI indicator is below the pivot area, suggesting that oil prices may decline first before rebounding.
Suggest: Buy 80.80 TP1 81.30 TP2 81.80 SL 80.30
That's the explanation of “Daily Technical Analysis: June 21, 2024 – Gold Rises Further.” Also, be sure to check out our other articles, such as the guide on how to buy cryptocurrency, only on GIC Journal. Don't forget to enhance your trading skills by getting the Scalping Ebook guide. Make sure to download the GIC Mobile App on the Google Play Store.
USD/JPY on the 1-hour period is below the first resistance area at 159.070, attempting to move down towards the pivot area at 158.440 and potentially reaching the first support area at 157.940. Meanwhile, the RSI indicator is below the pivot area, suggesting that the yen has the potential to decline further.
Suggest: Sell 159.000 TP1 158.700 TP2 158.400 SL 159.300
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
158.080 |
158.937 |
157.806 |
158.921 |
158.083 |
0.838 |
0.53% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
160.210 |
159.570 |
159.070 |
158.440 |
157.940 |
157.310 |
156.810 |
XAUUSD
Gold prices on the 1-hour period are above the first resistance area at 2363.10, attempting to move up towards the second resistance area at 2383.20 and potentially reaching the third resistance area at 2400.90. Meanwhile, the RSI indicator is above the pivot area, indicating that gold prices have the potential to rise further.
Suggest: Buy 2360.00 TP1 2365.00 TP2 2370.00 SL 2355.00
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
2329.33 |
2365.51 |
2327.72 |
2358.94 |
2330.48 |
28.46 |
1.22% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
2400.90 |
2383.20 |
2363.10 |
2345.40 |
2325.30 |
2307.60 |
2287.50 |
CLSK (OIL)
Oil prices on the 1-hour period are above the first support area at 80.63, with the potential to move up to the pivot area at 81.06 and further towards the first resistance area at 81.73. Meanwhile, the RSI indicator is below the pivot area, suggesting that oil prices may decline first before rebounding.
Suggest: Buy 80.80 TP1 81.30 TP2 81.80 SL 80.30
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
80.60 |
81.49 |
80.39 |
81.30 |
80.59 |
0.71 |
0.88% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
82.83 |
82.16 |
81.73 |
81.06 |
80.63 |
79.96 |
|
That's the explanation of “Daily Technical Analysis: June 21, 2024 – Gold Rises Further.” Also, be sure to check out our other articles, such as the guide on how to buy cryptocurrency, only on GIC Journal. Don't forget to enhance your trading skills by getting the Scalping Ebook guide. Make sure to download the GIC Mobile App on the Google Play Store.
