Gold Intra-day Analysis 3rd Feb. 2021
Under Pressure
Our Pivot: 1851
Our Preference: Short sell Gold below 1842.00 with strict stop loss of 1851 and profit target at 1830 with extension towards 1823.
Alternate Scenario: Upward penetration of 1851 will call for 1857 and 1864.
NOTE: Gold have given bearish breakout of its bullish price channel on hourly chart.
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 | 4.1375 | 4.1417 | 4.1679 | 4.1062 |
| USOil | 69.937 | 69.971 | 70.107 | 68.847 |
| UKOil | 73.97 | 74.03 | 74.166 | 72.885 |
| NGAS | 3.3835 | 3.3955 | 3.4106 | 3.1884 |
| WHEATF | 576.08 | 577.18 | 577.8 | 570.57 |
| XAUUSD | 2672.92 | 2673.26 | 2673.58 | 2648.73 |
| XAGUSD | 31.099 | 31.131 | 31.327 | 30.809 |