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Here is the daily technical analysis for June 24, 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.
EURUSD
EUR/USD on the 1-hour period is above the pivot area at 1.06960, attempting to move up to the first support area at 1.07210 and potentially reaching the second resistance at 1.07460. Meanwhile, the RSI indicator is above the pivot area, suggesting that the euro has the potential to move further up.
Suggest: Buy 1.07100 TP1 1.07300 TP2 1.07500 SL 1.06900
XAUUSD
Gold prices on the 1-hour period are above the first support area at 2315.10, attempting to move up towards the pivot area at 2341.90 and potentially reaching the first resistance area at 2367.10. Meanwhile, the RSI indicator is below the pivot area, suggesting that gold prices have the potential to rise further.
Suggest: Buy 2325.00 TP1 2330.00 TP2 2340.00 SL 2320.00
CLSK (OIL)
Oil prices on the 1-hour period are above the first support area at 80.04, with the potential to move up to the pivot area at 80.90 and further towards the first resistance area at 81.46. Meanwhile, the RSI indicator is above the pivot area, indicating that oil prices have the potential to rise further.
Suggest: Buy 80.50 TP1 81.00 TP2 81.50 SL 80.00
That's the explanation of “Daily Technical Analysis: June 24, 2024 – US Dollar Corrected.” Also, 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.
EURUSD
EUR/USD on the 1-hour period is above the pivot area at 1.06960, attempting to move up to the first support area at 1.07210 and potentially reaching the second resistance at 1.07460. Meanwhile, the RSI indicator is above the pivot area, suggesting that the euro has the potential to move further up.
Suggest: Buy 1.07100 TP1 1.07300 TP2 1.07500 SL 1.06900
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
1.06993 |
1.07206 |
1.06711 |
1.06939 |
1.07026 |
-0.00087 |
-0.08% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
1.07700 |
1.07460 |
1.07210 |
1.06960 |
1.06710 |
1.06470 |
1.06220 |
XAUUSD
Gold prices on the 1-hour period are above the first support area at 2315.10, attempting to move up towards the pivot area at 2341.90 and potentially reaching the first resistance area at 2367.10. Meanwhile, the RSI indicator is below the pivot area, suggesting that gold prices have the potential to rise further.
Suggest: Buy 2325.00 TP1 2330.00 TP2 2340.00 SL 2320.00
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
2360.63 |
2368.74 |
2316.75 |
2321.56 |
2358.94 |
-37.38 |
-1.58% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
2419.00 |
2393.90 |
2367.10 |
2341.90 |
2315.10 |
2289.90 |
2263.10 |
CLSK (OIL)
Oil prices on the 1-hour period are above the first support area at 80.04, with the potential to move up to the pivot area at 80.90 and further towards the first resistance area at 81.46. Meanwhile, the RSI indicator is above the pivot area, indicating that oil prices have the potential to rise further.
Suggest: Buy 80.50 TP1 81.00 TP2 81.50 SL 80.00
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
81.26 |
81.76 |
80.34 |
80.60 |
81.30 |
-0.70 |
-0.86% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
82.88 |
82.32 |
81.46 |
80.90 |
80.04 |
79.48 |
|
That's the explanation of “Daily Technical Analysis: June 24, 2024 – US Dollar Corrected.” Also, 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.
