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:
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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 | 6.7015 | 6.7057 | 6.7435 | 6.6866 |
| USOil | 86.798 | 86.832 | 87.098 | 86.132 |
| UKOil | 91.5 | 91.56 | 91.611 | 90.694 |
| NGAS | 2.9205 | 2.9325 | 2.9491 | 2.9085 |
| WHEATF | 779.7 | 780.8 | 782.18 | 766.69 |
| XAUUSD | 4431.48 | 4431.78 | 4461.7 | 4424.65 |
| XAGUSD | 66.411 | 66.733 | 67.238 | 65.929 |