Gold Intra-day Analysis 3rd Feb. 2021
Under Pressure
Our Pivot: 1851
Our Preference: Short sell Gold below 1842.00 with strict stop loss of 1851 and profit target at 1830 with extension towards 1823.
Alternate Scenario: Upward penetration of 1851 will call for 1857 and 1864.
NOTE: Gold have given bearish breakout of its bullish price channel on hourly chart.
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 | 6.704 | 6.7082 | 6.7435 | 6.6866 |
| USOil | 86.707 | 86.741 | 87.098 | 86.132 |
| UKOil | 91.306 | 91.366 | 91.611 | 90.694 |
| NGAS | 2.9324 | 2.9444 | 2.9491 | 2.9085 |
| WHEATF | 773.09 | 774.19 | 780.18 | 766.69 |
| XAUUSD | 4433.18 | 4433.48 | 4461.7 | 4424.65 |
| XAGUSD | 66.472 | 66.795 | 67.238 | 65.929 |