Technical Daily Analysis: October 3, 2022 – Gold Shines Again

The following is a technical daily analysis, October 3, 2022. The data and analysis contained in this newsletter can be used on a wide scale for your trading. However, it is important to note that GICTrade and its data providers are not responsible for your trading results. So, it's your own responsibility. Before knowing today's technical analysis, immediately register yourself to take part in the GIC Trading Competition and get prizes of up to 3 Billion Rupiah! In the following, we will inform you of price movement predictions in Forex and Commodities which are equipped with calculations of Pivot Point levels, Resistance and Support.

EURUSD

[caption id="attachment_20330" align="aligncenter" width="751"] 
Photo Source: Nurhakim via GIC[/caption] The movement of the Euro is predicted to strengthen/Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its strengthening, it will return to the Pivot level or it may move to the level of S1, S2 and even S3. For details, please see below

Pivot Poin

Pivot poin are at = 0,97975

Resistance

• Resistance 1 = 0,98618
• Resistance 2 = 0,99167
• Resistance 3 = 0,99810

Support

• Support 1     = 0,97426
• Support 2     = 0,96783
• Support 3     = 0,96234

USDCHF

[caption id="attachment_20334" align="aligncenter" width="751"] 
Photo Source: Nurhakim via GIC[/caption] Swiss Franch's movement is predicted to weaken, the candle moves Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of S1, S2 or even S3. For clarity, please see the Technical Daily Analysis below

Pivot Poin

Pivot poin are at = 0,98235

Resistance

• Resistance 1 = 0,99099
• Resistance 2 = 0,99625
• Resistance 3 = 1,00489

Support

• Support 1     = 0,97709
• Support 2     = 0,96845
• Support 3     = 0,96319

USDJPY

[caption id="attachment_20335" align="aligncenter" width="775"] 
Photo Source: Nurhakim via GIC[/caption] The movement of the Yen is predicted to weaken, the candle moves Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its weakness, it will return to the Pivot level or it may move to the level of S1, S2 or even S3. For details, please see below

Pivot Poin

Pivot poin are at = 144,575

Resistance

• Resistance 1 = 144,958
• Resistance 2 = 145,178
• Resistance 3 = 145,561

Support

• Support 1     = 144,355
• Support 2     = 143,972
• Support 3     = 143,752

GBPUSD

[caption id="attachment_20331" align="aligncenter" width="751"] 
Photo Source: Nurhakim via GIC[/caption] The movement of the Pound Sterling is predicted to strengthen / Bullish towards the levels of R1, R2 and even R3, but if it cannot continue its strengthening, it will return to the Pivot level or it may move to the level of S1, S2 or even S3. For details, please see below

Pivot Poin

Pivot poin are at = 1,11363

Resistance

• Resistance 1 = 1,12481
• Resistance 2 = 1,13455
• Resistance 3 = 1,14573

Support 

• Support 1     = 1,10389
• Support 2     = 1,09271
• Support 3     = 1,08297

AUDUSD

[caption id="attachment_20329" align="aligncenter" width="783"] 
Photo Source: Nurhakim via GIC[/caption] The Aussie movement is predicted to weaken/Bearish towards the S1, S2 and even S3 levels, but if it cannot continue its weakening, it will return to the Pivot level or it may move to the R1, R2 and even R3 levels. For clarity, please see the Technical Daily Analysis below

Pivot Poin

Pivot poin are at = 0,64370

Resistance

• Resistance 1 = 0,64829
• Resistance 2 = 0,65692
• Resistance 3 = 0,66151

Support

• Support 1     = 0,63507
• Support 2     = 0,63048
• Support 3     = 0,62185

GOLD

[caption id="attachment_20332" align="aligncenter" width="799"] 
Photo Source: Nurhakim via GIC[/caption] Gold's movement is predicted to go down/Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its decline, it will return to the Pivot level or it may move to the level of R1, R2 or even R3. For details, please see below

Pivot Poin

Pivot poin are at = 1665,59

Resistance

• Resistance 1 = 1671,99
• Resistance 2 = 1681,72
• Resistance 3 = 1688,12

Support

• Support 1     = 1655,86
• Support 2     = 1649,46
• Support 3     = 1639,73

OIL

[caption id="attachment_20333" align="aligncenter" width="795"] 
Photo Source: Nurhakim via GIC[/caption] The movement of oil is predicted to go down/Bearish towards the levels of S1, S2 and even S3, but if it cannot continue its decline, it will return to the Pivot level or it may move to the level of R1, R2 or even R3. For clarity, please see the Technical Daily Analysis below

Pivot Poin

Pivot poin are at = 80,45

Resistance

• Resistance 1 = 81,78
• Resistance 2 = 83,86
• Resistance 3 = 85,19

Support

• Support 1     = 78,37
• Support 2     = 77,04
• Support 3     = 74,96

So, that's the explanation of "Technical Daily Analysis: October 3, 2022 – Gold Shines Again". Also read our other articles, such as an explanation of how to buy cryptocurrencies, only in the GIC Journal. Don't forget to practice your trading skills by getting a scalping ebook and following live trading on NFP Live Trading. Make sure to download GIC Mobile Apps on the Google Play Store as well as the Apple App Store, to maximize profits from forex trading.