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 | 4.6553 | 4.6595 | 4.7391 | 4.6261 |
| USOil | 63.159 | 63.193 | 63.693 | 62.738 |
| UKOil | 66.055 | 66.115 | 66.626 | 65.694 |
| NGAS | 3.5421 | 3.5541 | 3.63 | 3.4749 |
| WHEATF | 523.71 | 524.81 | 524.93 | 510.33 |
| XAUUSD | 3180.06 | 3180.36 | 3257.28 | 3174.92 |
| XAGUSD | 32.252 | 32.289 | 32.997 | 32.108 |