The following is the daily technical analysis for September 24, 2024. The data and analysis in this bulletin can be broadly used for your trading activities. However, it is important to note that GICTrade and the data providers are not responsible for the outcome of your trades.

We will now provide a forecast of price movements in Forex and Commodities, complete with calculations of Pivot points, Resistance, and Support levels.

EURUSD



The EUR/USD on the 1-hour period is above the first support area at 1.10970, attempting to rise towards the pivot area at 1.11340 and potentially reaching the first resistance area at 1.11850. Meanwhile, the RSI indicator is above the pivot area, suggesting that the euro may have the potential to rise further.

Suggest: Buy 1.11000 TP1 1.11300 TP2 1.11600 SL 1.10700

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.11711

1.11711

1.10833

1.11107

1.11576

-0.00469

-0.42%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.12730

1.12220

1.11850

1.11340

1.10970

1.10460

1.10090

 

XAUUSD



Gold prices on the 1-hour period are below the first resistance area at 2634.50, attempting to move down towards the pivot area at 2624.20 and potentially reaching the first support area at 2613.60. Meanwhile, the RSI indicator is at the pivot area, indicating that gold prices may move down or correct before continuing the upward trend.

Suggest: Sell
 2635.00 TP1 2630.00 TP2 2625.00 SL 2640.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2620.28

2634.85

2613.89

2627.65

2619.99

7.66

0.29%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2655.50

2645.20

2634.50

2624.20

2613.60

2603.20

2592.60

 

CLSK (OIL)



Oil prices on the 1-hour period are above the pivot area at 70.60, with the potential to move up to the first resistance area at 71.72 and possibly reach the second resistance area at 72.91. Meanwhile, the RSI indicator is above the pivot area, indicating that oil prices may rise further.

Suggest: Sell 71.80 TP1 71.30 TP2 70.80 SL 72.30

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

71.31

71.79

69.48

70.52

71.15

-0.63

-0.89%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

74.03

72.91

71.72

70.60

69.41

68.29

67.10

 


That concludes the explanation of “Daily Technical Analysis: September 24, 2024 – Dollar Attempts to Rebound.” Be sure to check out our other articles, such as the guide on how to buy cryptocurrency, only on Jurnal GIC. Don’t forget to enhance your trading skills by obtaining the Scalping Guide Ebook. Make sure to download the GIC Mobile App from the Google Play Store.