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 | 6.338 | 6.3422 | 6.3511 | 6.3285 |
| USOil | 81.717 | 81.751 | 83.296 | 79.087 |
| UKOil | 86.636 | 86.706 | 88.114 | 82.494 |
| NGAS | 2.6916 | 2.7036 | 2.706 | 2.6719 |
| WHEATF | 669.33 | 670.43 | 666.19 | 650.08 |
| XAUUSD | 4023.97 | 4024.27 | 4029.91 | 4013.5 |
| XAGUSD | 57.06 | 57.38 | 57.518 | 56.695 |