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:
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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 | 6.6986 | 6.7028 | 6.7435 | 6.6866 |
| USOil | 86.672 | 86.706 | 87.098 | 86.132 |
| UKOil | 91.414 | 91.474 | 91.611 | 90.694 |
| NGAS | 2.9199 | 2.9319 | 2.9491 | 2.9085 |
| WHEATF | 780.58 | 781.68 | 782.18 | 766.69 |
| XAUUSD | 4431.51 | 4431.81 | 4461.7 | 4424.65 |
| XAGUSD | 66.398 | 66.721 | 67.238 | 65.929 |