Gold Intra-day Analysis 8th Feb. 2021
Downside Prevails
Our Pivot: 1827
Our Preference: Short sell Gold below 1819.00 with strict stop loss of 1827 and profit target at 1808 with extension towards 1805 and 1796.
Alternate Scenario: Upward penetration of 1827 will call for 1831 and 1836.
NOTE: Gold is moving in a bearish price channel and right heading for correction of its last bearish rally therefore selling on strength could be beneficial.
Chart with supports & resistances:
RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3
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 | 4.6509 | 4.6551 | 4.7391 | 4.6261 |
| USOil | 63.142 | 63.176 | 63.693 | 62.738 |
| UKOil | 66.025 | 66.085 | 66.626 | 65.694 |
| NGAS | 3.5405 | 3.5525 | 3.63 | 3.4749 |
| WHEATF | 523.2 | 524.3 | 525.31 | 510.33 |
| XAUUSD | 3180.02 | 3180.32 | 3257.28 | 3174.92 |
| XAGUSD | 32.239 | 32.276 | 32.997 | 32.108 |