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 | 6.7986 | 6.8028 | 6.8209 | 6.6997 |
| USOil | 94.057 | 94.091 | 94.736 | 92.108 |
| UKOil | 98.729 | 98.789 | 99.481 | 96.744 |
| NGAS | 2.9566 | 2.9686 | 2.9986 | 2.9355 |
| WHEATF | 753.09 | 754.19 | 763.44 | 732.09 |
| XAUUSD | 4394 | 4394.3 | 4443.19 | 4387.86 |
| XAGUSD | 65.757 | 66.078 | 67.34 | 65.532 |