This is the technical daily analysis for June 28, 2024. The data and analysis in this bulletin can be used broadly 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 Commodities, along with calculations for pivot points, resistance, and support levels.

GBPUSD



GBP/USD in the 1-hour period is above the pivot area at 1.26350, attempting to move up to the first resistance area at 1.26570 and towards the second resistance area at 1.26930. Meanwhile, the RSI indicator is above the pivot area, indicating that the pound sterling has the potential to move higher.

Suggest: Buy 1.26350 TP1 1.26570 TP2 1.26930 SL 1.26130

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.26162

1.26708

1.26130

1.26399

1.26218

0.00181

0.14%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.27150

1.26930

1.26570

1.26350

1.25990

1.25770

1.25410


XAUUSD



Gold in the 1-hour period is below the first resistance area at 2329.50, attempting to move down towards the pivot area at 2313.00 and then to the first support area at 2295.10. Meanwhile, the RSI indicator is above the pivot area, suggesting that the price of gold has the potential to move up first before declining.

Suggest: Sell 2330.00 TP1 2325.00 TP2 2315.00 SL 2335.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2298.44

2330.91

2296.53

2326.10

2297.93

28.17

1.23%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2363.80

2347.40

2329.50

2313.00

2295.10

2278.60

2260.70



CLSK (OIL)



Oil in the 1-hour period is above the pivot area at 81.46, with the potential to move up to the first resistance area at 82.42 and then to the second resistance area at 82.97. Meanwhile, the RSI indicator is above the pivot area, indicating that the price of oil has the potential to move up further.


Suggest: Buy 82.00 TP1 82.50 TP2 83.00 SL 81.50

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

80.86

82.01

80.50

81.86

80.66

1.20

1.49%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

83.93

82.97

82.42

81.46

80.91

79.95

79.40

 



So, that concludes the explanation of "Technical Daily Analysis: June 28, 2024 – Ahead of PCE Data, Here’s How Gold Moves." Also, check out our other articles, such as how to buy cryptocurrency, only at Jurnal GIC. Don’t forget to hone your trading skills by getting the Scalping Ebook guide. Make sure to download the GIC Mobile App from the Google Play Store.