Here is the technical daily analysis for June 10, 2024. 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.
 
We will provide forecasts for price movements in Forex and Commodity, along with calculations of Pivot points, Resistance, and Support levels.

GBPUSD



GBP/USD in the 4-hour period is above the first support area at 1.27080, trying to move down to the second support area at 1.26640 and then towards the third support at 1.26120. Meanwhile, the RSI indicator is below the pivot level of 25, approaching the oversold area, suggesting that the pound sterling may move down first before rebounding.

Suggest: Buy 1.26850 TP1 1.27100 TP2 1.27300 SL 1.26650

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.27883

1.28119

1.27160

1.27228

1.27909

-0.00681

-0.53%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.29000

1.28560

1.28040

1.27600

1.27080

1.26640

1.26120


XAUUSD (LOCO LONDON GOLD)


The price of gold in the 4-hour period is below the pivot area at 2335.50, attempting to move down towards the first support area at 2383.30 and then to the second support area at 2234.60. Meanwhile, the RSI indicator is below the pivot area, suggesting that the price of gold may move down first before rebounding.

Suggest: Buy 2280.00.00 TP1 2285.00 TP2 2295.00 SL 2275.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2376.43

2387.69

2286.79

2291.01

2373.19

-82.18

-3.46%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2485.10

2436.40

2384.20

2335.50

2283.30

2234.60

2182.40


CLSK (OIL)



The price of oil in the 4-hour period is above the pivot area at 75.56, with the potential to move up to the first resistance area at 75.92 and then to the second resistance area at 76.58. Meanwhile, the RSI indicator is above the pivot area, indicating that the price of oil may continue to rise.

Suggest: Buy 75.00 TP1 75.50 TP2 76.00 SL 74.50

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

75.64

76.22

75.20

75.26

75.51

-0.25

-0.33%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

76.94

76.58

75.92

75.56

74.90

74.54


73.88

 


Well, that’s the explanation about “Daily Technical Analysis: June 10, 2024 – The US Labor Sector Strengthens, the Dollar Soars.“ Also, read our other articles, such as explanations on how to buy cryptocurrency, only at Jurnal GIC. Don't forget to hone your trading skills by getting the Ebook Scalping guidebook. Make sure to download the GIC Mobile Apps on the Google Play Store.