Under Pressure
Our Pivot: 1774
Our Preference: Short sell Gold below 1769.50 with strict stop loss of 1774 and profit target at 1763 with extension towards 1757.
Alternate Scenario: Upward penetration of 1774 will call for 1780 and 1784.
NOTE: Gold is moving in a descending price channel.
Chart with supports & resistances:
RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3
Level | 1st | 2nd | 3rd | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
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Ticker | Bid | Ask | High | Low |
---|---|---|---|---|
Copper | 4.929 | 4.9332 | 5.0629 | 4.8779 |
USOil | 63.274 | 63.308 | 63.993 | 62.494 |
UKOil | 65.246 | 65.306 | 65.876 | 64.596 |
NGAS | 3.7175 | 3.7295 | 3.7964 | 3.6159 |
WHEATF | 546.09 | 547.19 | 549.69 | 540.07 |
XAUUSD | 3353.67 | 3353.97 | 3403.56 | 3339.35 |
XAGUSD | 35.647 | 35.682 | 36.088 | 34.417 |