Gold Intra-day Analysis 19th Feb. 2021
Under Pressure
Our Pivot: 1775.65
Our Preference: Short sell Gold below 1769 with strict stop loss of 1775.65 and profit target at 1754 with extension towards 1749.
Alternate Scenario: Upward penetration of 1775.65 will call for 1781 and 1784.
NOTE: Gold is moving in a bearish price channel after bearish breakout of its rising wedge.
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 | 4.9312 | 4.9354 | 5.0629 | 4.8779 |
| USOil | 63.309 | 63.343 | 63.993 | 62.494 |
| UKOil | 65.275 | 65.335 | 65.876 | 64.596 |
| NGAS | 3.7205 | 3.7325 | 3.7964 | 3.6159 |
| WHEATF | 546.32 | 547.42 | 549.69 | 540.07 |
| XAUUSD | 3353.67 | 3353.97 | 3403.56 | 3339.35 |
| XAGUSD | 35.652 | 35.688 | 36.088 | 34.417 |