Gold Intra-day Analysis 2nd Feb. 2021

Under Pressure

Our Pivot: 1864

Our Preference: Short sell Gold below 1858.00 with strict stop loss of 1864 and profit target at 1852 with extension towards 1849.

Alternate Scenario: Upward penetration of 1864 will call for 1870 and 1874.

NOTE: Gold is moving in a bullish price channel but coming downward to retest its supportive trend line.

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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