Gold Intra-day Analysis 19th Feb. 2021

Under Pressure

Our Pivot: 1775.65

Our Preference: Short sell Gold below 1769 with strict stop loss of 1775.65 and profit target at 1754 with extension towards 1749.

Alternate Scenario: Upward penetration of 1775.65 will call for 1781 and 1784.

NOTE: Gold is moving in a bearish price channel after bearish breakout of its rising wedge.

Chart with supports & resistances:

Level	1st	2nd	3rd
Supports	0.00	0.00	0.00
Resistances	0.00	0.00	0.00

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