Gold Intra-day Analysis 8th Feb. 2021

• 2021-02-08 22:08:26
• 28 Comments
• 83 Views
• commodities
• Maier Noor

Downside Prevails

Our Pivot: 1827

Our Preference: Short sell Gold below 1819.00 with strict stop loss of 1827 and profit target at 1808 with extension towards 1805 and 1796. 

Alternate Scenario: Upward penetration of 1827 will call for 1831 and 1836.

NOTE: Gold is moving in a bearish price channel and right heading for correction of its last bearish rally therefore selling on strength could be beneficial.

Chart with supports & resistances:

RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3

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