Here is the daily technical analysis for December 13, 2023. The data and analysis in this bulletin can be widely used for your trading. However, it is important to note that GICTrade and the data providers are not responsible for your trading results.

Below, we will provide forecasts for price movements in Forex and Commodities, along with calculations for pivot points, resistance, and support levels.

EURUSD



EUR/USD on the 1-hour chart is attempting to move downward, touching the support level at 1.07850 again and heading toward the next support level at 1.07430. The trend remains bullish, as indicated by the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bearish bias is also supported by a sell signal indicated by the purple arrow.

Suggest: Sell 1.08150 TP1 1.07850 TP2 1.07430 SL 1.08400

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.07636

1.08270

1.07552

1.07945

1.07646

0.00299

0.28%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.08870

1.08570

1.08150

1.07850

1.07430

1.07130

1.06710

 

GBPUSD

technical sterlling

GBP/USD on the 1-hour chart is attempting to move downward, touching the support level at 1.25070 and heading toward the next support level at 1.24600. The downtrend is also evident from the template, where the potential percentage decrease is higher than the percentage increase. Meanwhile, the bearish bias is supported by a sell signal indicated by the purple arrow.

Suggest: Sell 1.25500 TP1 1.25250 TP2 1.25070 SL 1.25700

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.25536

1.26152

1.25141

1.25622

1.25556

0.00066

0.05%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.27090

1.26620

1.26080

1.25610

1.25070

1.24600

1.24060

 

AUDUSD

technical ausie

AUD/USD on the 1-hour chart is attempting to move downward, touching the support level at 0.65280 and heading toward the next support level at 0.64980. The downtrend is also evident from the template, where the potential percentage decrease is higher than the percentage increase. Meanwhile, the bearish bias is supported by a sell signal indicated by the purple arrow.

Suggest: Sell 0.65700 TP1 0.65500 TP2 0.65280 SL 0.66000

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.65670

0.66123

0.65398

0.65599

0.65676

-0.00077

-0.12%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.66730

0.66430

0.66000

0.65700

0.65280

0.64980

0.64550

 

USDCHF

technical franc

USD/CHF on the 1-hour chart is attempting to move upward, touching the resistance level at 0.88000 and heading toward the next resistance level at 0.88240. The uptrend is also evident from the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bullish bias is supported by a buy signal indicated by the blue arrow.

Suggest: Buy 0.87600 TP1 0.87800 TP2 0.88000 SL 0.87360

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.87815

0.87858

0.87224

0.87525

0.87836

-0.00311

-0.35%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.88630

0.88240

0.88000

0.87610

0.87360

0.86980

0.86730

 

USDJPY

technical yen

USD/JPY on the 1-hour chart is attempting to move upward, touching the resistance level at 146.530 and heading toward the next resistance level at 147.080. The uptrend is also evident from the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bullish bias is supported by a buy signal indicated by the blue arrow.

Suggest: Buy 145.630 TP1 146.000 TP2 146.530 SL 145.300

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

146.145

146.176

144.730

145.464

146.157

-0.693

-0.47%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

147.980

147.080

146.530

145.630

145.080

144.180

143.640

 

 

XUL (LOCO LONDON GOLD)



Gold prices on the 1-hour chart are attempting to move upward, touching the resistance level at 1984.00 and heading toward the next resistance level at 1990.80. The uptrend is also evident from the template, where the potential percentage increase is higher than the percentage decrease. Meanwhile, the bullish bias is supported by a buy signal indicated by the blue arrow.

Suggest: Sell 1990.80 TP1 1985.00 TP2 1980.00 SL 1995.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1982.07

1996.72

1977.22

1979.87

1981.40

-1.53

-0.08%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2010.30

2003.50

1990.80

1984.00

1971.30

1964.50

1951.80

 

 

CLSK (OIL)



Oil prices on the 1-hour chart are attempting to move downward, needing to break through the support level at 67.35 to reach the next support level at 65.92. Meanwhile, for a bullish bias, oil prices need to surpass the resistance level at 69.64 to advance toward the next resistance level at 71.07.

Suggest: Buy 67.80 TP1 68.30 TP2 68.70 SL 67.30

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

71.40

71.93

68.21

68.78

71.39

-2.61

-3.66%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

74.79

73.36

71.07

69.64

67.35

65.92

63.63


That’s the explanation about “Daily Technical Analysis: December 13, 2023 – Ahead of FOMC, Gold Movement?” Also, check out our other articles, such as the guide on how to buy cryptocurrency, only at Jurnal GIC. Don’t forget to enhance your trading skills by getting the Scalping guide Ebook and participating in the NFP Live Trading. Be sure to download the GIC Mobile Apps from the Google Play Store.