Gold Intra-day Analysis 4th Feb. 2021
Under Pressure
Our Pivot: 1832
Our Preference: Short sell Gold below 1825.00 with strict stop loss of 1832 and profit target at 1816 with extension towards 1812 and 1806.
Alternate Scenario: Upward penetration of 1832 will call for 1836 and 1841.
NOTE: Gold is moving in a bearish price channel.
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 | 4.2231 | 4.2273 | 4.2535 | 4.2201 |
| USOil | 73.677 | 73.711 | 73.993 | 73.672 |
| UKOil | 77.326 | 77.386 | 77.661 | 77.336 |
| NGAS | 3.0855 | 3.0975 | 3.1156 | 3.0711 |
| WHEATF | 548.33 | 549.43 | 550.19 | 543.84 |
| XAUUSD | 2764.32 | 2764.71 | 2766.58 | 2761.97 |
| XAGUSD | 30.439 | 30.477 | 30.5 | 30.371 |