Gold Intra-day Analysis 16th Feb. 2021
Under Pressure
Our Pivot: 1832
Our Preference: Short sell Gold below 1826 with strict stop loss of 1832 and profit target at 1815 with extension towards 1812.
Alternate Scenario: Upward penetration of 1832 will call for 1836 and 1841.
NOTE: Gold is moving in a bearish price channel after bearish breakout of its ascending trend line.
Chart with supports & resistances:
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Technical Levels
| Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Commodities Live Prices
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| Copper | 4.1163 | 4.1205 | 4.1679 | 4.1159 |
| USOil | 69.518 | 69.552 | 69.733 | 68.847 |
| UKOil | 73.536 | 73.596 | 73.761 | 72.885 |
| NGAS | 3.343 | 3.355 | 3.3726 | 3.1884 |
| WHEATF | 576.34 | 577.44 | 577.8 | 570.57 |
| XAUUSD | 2665.35 | 2665.7 | 2671.93 | 2648.73 |
| XAGUSD | 31.006 | 31.038 | 31.327 | 30.809 |