Last: 
Here is the daily technical analysis for June 11, 2024. The data and analysis in this bulletin can be widely used for your trading activities. However, it should be noted that GICTrade and the data providers are not responsible for the results of your trading.
We will provide you with the forecast of price movements in Forex and Commodities, complete with the calculation of Pivot points, Resistance, and Support levels.
GBPUSD
GBP/USD on the 1-hour period is below the pivot area at 1.27210, attempting to move down to the first support area at 1.27050 and potentially reaching the second support area at 1.26720. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Pound Sterling may move down further initially.
Suggest: Buy 1.27050 TP1 1.27250 TP2 1.27500 SL 1.26800
XAUUSD (LOCO LONDON GOLD)
Gold prices on the 1-hour period are above the pivot area at 2301.10, attempting to move up towards the first resistance area at 2314.40 and potentially reaching the second resistance area at 2327.10. Meanwhile, the RSI indicator is below the pivot area, indicating that gold prices may move down initially before rebounding.
Suggest: Buy 2300.00 TP1 2305.00 TP2 2315.00 SL 2295.00
CLSK (OIL)
Oil prices on the 2-hour period are below the first resistance area at 78.81, with the potential to move down to the pivot area at 77.02 and towards the first support area at 76.10. Meanwhile, the RSI indicator is above the pivot area, suggesting that oil prices may move up initially before correcting.
Suggest: Sell 78.00 TP1 77.50 TP2 77.00 SL 78.50
Well, that concludes the explanation of "Daily Technical Analysis: June 11, 2024 – Limited Data, Forex Moves Sideways." 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 Ebook guide. Make sure to download the GIC Mobile Apps on the Google Play Store.
GBPUSD
GBP/USD on the 1-hour period is below the pivot area at 1.27210, attempting to move down to the first support area at 1.27050 and potentially reaching the second support area at 1.26720. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Pound Sterling may move down further initially.
Suggest: Buy 1.27050 TP1 1.27250 TP2 1.27500 SL 1.26800
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
1.27274 |
1.27374 |
1.26881 |
1.27305 |
1.27228 |
0.00077 |
0.06% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
1.28030 |
1.27700 |
1.27540 |
1.27210 |
1.27050 |
1.26720 |
1.26550 |
XAUUSD (LOCO LONDON GOLD)
Gold prices on the 1-hour period are above the pivot area at 2301.10, attempting to move up towards the first resistance area at 2314.40 and potentially reaching the second resistance area at 2327.10. Meanwhile, the RSI indicator is below the pivot area, indicating that gold prices may move down initially before rebounding.
Suggest: Buy 2300.00 TP1 2305.00 TP2 2315.00 SL 2295.00
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
2293.13 |
2313.77 |
2287.76 |
2309.85 |
2291.01 |
18.84 |
0.82% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
2340.40 |
2327.10 |
2314.40 |
2301.10 |
2288.40 |
2275.10 |
2262.40 |
CLSK (OIL)
Oil prices on the 2-hour period are below the first resistance area at 78.81, with the potential to move down to the pivot area at 77.02 and towards the first support area at 76.10. Meanwhile, the RSI indicator is above the pivot area, suggesting that oil prices may move up initially before correcting.
Suggest: Sell 78.00 TP1 77.50 TP2 77.00 SL 78.50
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
75.29 |
77.94 |
75.23 |
77.89 |
75.26 |
2.63 |
3.49% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
81.52 |
79.73 |
78.81 |
77.02 |
76.10 |
74.31 |
|
Well, that concludes the explanation of "Daily Technical Analysis: June 11, 2024 – Limited Data, Forex Moves Sideways." 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 Ebook guide. Make sure to download the GIC Mobile Apps on the Google Play Store.
