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
Supports0.000.000.00
Resistances0.000.000.00

Commodities Live Prices

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