Gold Intra-day Analysis 16th 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 1812.
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:
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 | 6.6753 | 6.6795 | 6.6989 | 6.5252 |
| USOil | 93.473 | 93.507 | 93.417 | 90.138 |
| UKOil | 95.846 | 95.906 | 96.074 | 92.805 |
| NGAS | 3.1586 | 3.1706 | 3.2341 | 3.0935 |
| WHEATF | 602.08 | 603.18 | 610.44 | 598.94 |
| XAUUSD | 4488.7 | 4489 | 4541.66 | 4463.03 |
| XAGUSD | 74.992 | 75.322 | 77.178 | 74.326 |