Gold Intra-day Analysis 4th Feb. 2021
Under Pressure
Our Pivot: 1832
Our Preference: Short sell Gold below 1825.00 with strict stop loss of 1832 and profit target at 1816 with extension towards 1812 and 1806.
Alternate Scenario: Upward penetration of 1832 will call for 1836 and 1841.
NOTE: Gold is moving in a bearish price channel.
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 | 4.6523 | 4.6565 | 4.7391 | 4.6261 |
| USOil | 63.214 | 63.248 | 63.693 | 62.738 |
| UKOil | 66.085 | 66.145 | 66.626 | 65.694 |
| NGAS | 3.5435 | 3.5555 | 3.63 | 3.4749 |
| WHEATF | 523.84 | 524.94 | 525.31 | 510.33 |
| XAUUSD | 3180.87 | 3181.17 | 3257.28 | 3174.92 |
| XAGUSD | 32.244 | 32.282 | 32.997 | 32.108 |