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Here, we provide the forecast for price movements in Forex and Commodities, complete with Pivot Point, Resistance, and Support level calculations.

 

EURUSD

On the 1-hour timeframe, EUR/USD is attempting to move downward, touching the support level at 1.05350 and heading towards the next support at 1.04870. The downtrend is also visible from the template, indicating a higher potential percentage of decline compared to the increase. The bearish bias is further supported by a sell signal, indicated by a purple arrow.

Suggest: Buy 1.05700 TP1 1.06040 TP2 1.06520 SL 1.05350

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.06129

1.06726

1.05557

1.05736

1.06132

-0.00396

-0.37%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.07690

1.07210

1.06520

1.06040

1.05350

1.04870

1.04180

 

GBPUSD

On the 1-hour timeframe, GBP/USD is attempting to move downward, touching the support level at 1.21150 and heading towards the next support at 1.20760. The downtrend is also visible from the template, indicating a higher potential percentage of decline compared to the increase. The bearish bias is further supported by a sell signal, indicated by a purple arrow.

Suggest: Buy 1.21350 TP1 1.21570 TP2 1.21960 SL 1.21150

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.21669

1.21986

1.21179

1.21460

1.21669

-0.00209

-0.17%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.22770

1.22380

1.21960

1.21570

1.21150

1.20760

1.20350

 

AUDUSD


On the 1-hour timeframe, AUD/USD is attempting to move downward, touching the support level at 0.63230 and heading towards the next support at 0.62870. The downtrend is also visible from the template, indicating a higher potential percentage of decline compared to the increase. The bearish bias is further supported by a sell signal, indicated by a purple arrow.
Suggest: Buy 0.63480 TP1 0.64090 TP2 0.64440 SL 0.63230

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.63723

0.63733

0.63125

0.63348

0.63723

-0.00375

-0.59%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.64440

0.64090

0.63840

0.63480

0.63230

0.62870

0.62620
 
 
USDCHF
On the 1-hour timeframe, USD/CHF is attempting to move further upward, touching the resistance level at 0.91080 and heading towards the next resistance at 0.91550. The uptrend is not yet fully supported as the template shows a higher potential percentage of decline compared to the increase. The bullish bias is supported by a buy signal, indicated by a blue arrow.

Suggest: Sell 0.91000 TP1 0.90800 TP2 0.90580 SL 0.91300

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.90177

0.91043

0.90076

0.91016

0.90177

0.00839

0.93%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.92050

0.91550

0.91080

0.90580

0.90120

0.89610

0.89150

 

USDJPY

On the 1-hour timeframe, USD/JPY is attempting to move downward, touching the support level at 150.340 and heading towards the next support at 148.990. The trend remains upward as shown on the template, indicating a higher potential percentage of increase compared to the decline. The bearish bias is supported by a sell signal, indicated by a purple arrow.

Suggest: Sell 151.300 TP1 151.000 TP2 150.500 SL 151.700

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

149.037

151.695

149.000

151.638

149.037

2.601

1.75%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

154.380

153.040

151.680

150.340

148.990

147.650

146.290

 

XUL (LOCO LONDON GOLD)

On the 1-hour timeframe, gold prices are attempting to move further downward, touching the support level at 1975.10 and heading towards the next support at 1962.00. The downtrend is also visible from the template, indicating a higher potential percentage of decline compared to the increase. The bearish bias is further supported by a sell signal, indicated by a purple arrow.
Suggest: Sell 1983.00 TP1 1978.00 TP2 1970.00 SL 1987.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1995.53

2007.72

1978.75

1983.58

1995.51

-11.93

-0.60%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2033.00

2020.40

2004.10

1991.40

1975.10

1962.40

1946.10
 
 
CLSK (OIL)
On the 1-hour timeframe, oil prices are attempting to move further downward, needing to pass the support level at 80.26 and head towards the next support at 79.19. To shift the bias to bullish, oil prices must surpass the resistance level at 81.80 and head towards the next resistance at 81.87.
Suggest: Buy 81.80 TP1 82.30 TP2 82.87 SL 81.30

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

82.53

83.34

80.73

81.32

82.51

-1.19

-1.44%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

85.48

84.41

82.87

81.80

80.26

79.19

77.65

 

That's the explanation for “Technical Daily Analysis: November 1, 2023 – Fed Interest Rate Unchanged, Gold Prices?” Read our other articles, such as an explanation of how to buy cryptocurrency, only on GIC Journal. Don’t forget to improve your trading skills by getting the Scalping Ebook guide and joining NFP Live Trading sessions. Make sure to download the GIC Mobile App on Google Play Store.