Gold Intra-day Analysis 2nd Feb. 2021
Under Pressure
Our Pivot: 1864
Our Preference: Short sell Gold below 1858.00 with strict stop loss of 1864 and profit target at 1852 with extension towards 1849.
Alternate Scenario: Upward penetration of 1864 will call for 1870 and 1874.
NOTE: Gold is moving in a bullish price channel but coming downward to retest its supportive trend line.
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 | 4.6568 | 4.661 | 4.7391 | 4.6261 |
| USOil | 63.153 | 63.187 | 63.693 | 62.738 |
| UKOil | 66.046 | 66.106 | 66.626 | 65.694 |
| NGAS | 3.5439 | 3.5559 | 3.63 | 3.4749 |
| WHEATF | 522.96 | 524.06 | 525.31 | 510.33 |
| XAUUSD | 3182.2 | 3182.5 | 3257.28 | 3174.92 |
| XAGUSD | 32.267 | 32.304 | 32.997 | 32.108 |