The following is daily technical analysis, October 1 2024. The data and analysis in this bulletin can be used on a wide scale for your trading. However, you need to know that GICTrade and the data provider are not responsible for your trading results.
Below we will provide forecasts of price movements in Forex and Commodities which are equipped with calculations of Pivot point, Resistance and Support levels.
EURUSD
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EUR/USD on the 1-hour period is below the pivot area at 1.11520, attempting to move down to the first support area at 1.10950 and heading towards the second support at 1.10570. Meanwhile, the RSI indicator is below the pivot area, suggesting that the euro has the potential to decline further.
Suggest: Sell 1.11520 TP1 1.11200 TP2 1.10950 SL 1.10750
XAUUSD

Gold prices on the 1-hour period are in the pivot area at 2645.50, attempting to move up towards the first resistance area at 2666.30 and heading towards the second resistance at 2686.80. Meanwhile, the RSI indicator is above the pivot area, suggesting that gold prices have the potential to move up first before declining.
Suggest: Sell 2650.00 TP1 2640.00 TP2 2630.00 SL 2660.00
CLSK (OIL)

Oil prices on the 1-hour period are below the pivot area at 68.40, with the potential to move down to the first support area at 67.51 and heading towards the second support at 66.67. Meanwhile, the RSI indicator is below the pivot area, suggesting that oil prices have the potential to decline further.
Suggest: Sell 68.40 TP1 67.90 TP2 67.40 SL 68.90
Well, that's the explanation of "Daily Technical Analysis: October 1, 2024 – The US Dollar Rises." Also, check out our other articles, such as the explanation on how to buy cryptocurrency, only on Jurnal GIC. Don't forget to sharpen your trading skills by getting the Scalping Guide Ebook. Make sure to download the GIC Mobile App on the Google Play Store.
EURUSD
-0.webp)
EUR/USD on the 1-hour period is below the pivot area at 1.11520, attempting to move down to the first support area at 1.10950 and heading towards the second support at 1.10570. Meanwhile, the RSI indicator is below the pivot area, suggesting that the euro has the potential to decline further.
Suggest: Sell 1.11520 TP1 1.11200 TP2 1.10950 SL 1.10750
PREVIOUS RANGE |
||||||
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
1.11518 |
1.12088 |
1.11138 |
1.11348 |
1.11673 |
-0.00325 |
-0.29% |
DAILY PIVOT POINT |
||||||
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
1.12850 |
1.12470 |
1.11900 |
1.11520 |
1.10950 |
1.10570 |
1.10000 |
XAUUSD

Gold prices on the 1-hour period are in the pivot area at 2645.50, attempting to move up towards the first resistance area at 2666.30 and heading towards the second resistance at 2686.80. Meanwhile, the RSI indicator is above the pivot area, suggesting that gold prices have the potential to move up first before declining.
Suggest: Sell 2650.00 TP1 2640.00 TP2 2630.00 SL 2660.00
PREVIOUS RANGE |
||||||
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
2658.58 |
2665.98 |
2624.70 |
2632.87 |
2652.39 |
-19.52 |
-0.74% |
DAILY PIVOT POINT |
||||||
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
2707.60 |
2686.80 |
2666.30 |
2645.50 |
2625.00 |
2604.20 |
2583.70 |
CLSK (OIL)

Oil prices on the 1-hour period are below the pivot area at 68.40, with the potential to move down to the first support area at 67.51 and heading towards the second support at 66.67. Meanwhile, the RSI indicator is below the pivot area, suggesting that oil prices have the potential to decline further.
Suggest: Sell 68.40 TP1 67.90 TP2 67.40 SL 68.90
PREVIOUS RANGE |
||||||
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
68.57 |
69.29 |
67.56 |
68.34 |
68.56 |
-0.22 |
-0.32% |
DAILY PIVOT POINT |
||||||
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
70.97 |
70.13 |
69.24 |
68.40 |
67.51 |
66.67 |
65.78 |
Well, that's the explanation of "Daily Technical Analysis: October 1, 2024 – The US Dollar Rises." Also, check out our other articles, such as the explanation on how to buy cryptocurrency, only on Jurnal GIC. Don't forget to sharpen your trading skills by getting the Scalping Guide Ebook. Make sure to download the GIC Mobile App on the Google Play Store.