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 | 6.6028 | 6.607 | 6.6097 | 6.5557 |
| USOil | 100.973 | 101.047 | 101.778 | 100.558 |
| UKOil | 108.32 | 108.38 | 109.871 | 107.73 |
| NGAS | 3.0674 | 3.0794 | 3.1284 | 3.0259 |
| WHEATF | 664.33 | 665.43 | 665.44 | 656.83 |
| XAUUSD | 4172.5 | 4172.8 | 4187.82 | 4163 |
| XAGUSD | 57.295 | 57.617 | 57.67 | 56.715 |