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:

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Technical Levels

Level 1st 2nd 3rd
Supports0.000.000.00
Resistances0.000.000.00

Commodities Live Prices

TickerBidAskHighLow
Copper5.11785.122 5.1471 5.0192
USOil65.10265.126 66.108 64.803
UKOil67.41467.454 68.446 67.179
NGAS3.73543.7444 3.7556 3.5064
WHEATF540.94541.3 545.69 536.09
XAUUSD3273.43273.7 3328.35 3255.7
XAGUSD35.97736.019 36.744 35.78


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