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 | 6.7965 | 6.8007 | 6.8119 | 6.6997 |
| USOil | 93.649 | 93.683 | 94.736 | 92.108 |
| UKOil | 98.301 | 98.361 | 99.481 | 96.744 |
| NGAS | 2.9705 | 2.9825 | 2.9986 | 2.9355 |
| WHEATF | 751.2 | 752.3 | 763.44 | 732.09 |
| XAUUSD | 4403.14 | 4403.44 | 4443.19 | 4387.86 |
| XAGUSD | 65.959 | 66.281 | 67.34 | 65.532 |