Gold Intra-day Analysis 3rd Feb. 2021
Under Pressure
Our Pivot: 1851
Our Preference: Short sell Gold below 1842.00 with strict stop loss of 1851 and profit target at 1830 with extension towards 1823.
Alternate Scenario: Upward penetration of 1851 will call for 1857 and 1864.
NOTE: Gold have given bearish breakout of its bullish price channel on hourly chart.
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 | 4.9316 | 4.9358 | 5.0629 | 4.8779 |
| USOil | 63.233 | 63.267 | 63.993 | 62.494 |
| UKOil | 65.216 | 65.276 | 65.876 | 64.596 |
| NGAS | 3.7269 | 3.7389 | 3.7964 | 3.6159 |
| WHEATF | 545.59 | 546.69 | 549.69 | 540.07 |
| XAUUSD | 3350.24 | 3350.54 | 3403.56 | 3339.35 |
| XAGUSD | 35.581 | 35.616 | 36.088 | 34.417 |