Gold Intra-day Analysis 12th Feb. 2021
Under Pressure
Our Pivot: 1832
Our Preference: Short sell Gold below 1826 with strict stop loss of 1832 and profit target at 1815 with extension towards 1808.
Alternate Scenario: Upward penetration of 1832 will call for 1836 and 1841.
NOTE: Gold is moving in a bearish price channel after bearish breakout of its ascending trend line.
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 | 6.674 | 6.6782 | 6.6989 | 6.5252 |
| USOil | 93.468 | 93.502 | 93.417 | 90.138 |
| UKOil | 95.845 | 95.905 | 96.074 | 92.805 |
| NGAS | 3.1584 | 3.1704 | 3.2341 | 3.0935 |
| WHEATF | 602.08 | 603.18 | 610.44 | 598.94 |
| XAUUSD | 4488.67 | 4488.97 | 4541.66 | 4463.03 |
| XAGUSD | 74.97 | 75.295 | 77.178 | 74.326 |