Gold Intra-day Analysis 19th Feb. 2021

Under Pressure

Our Pivot: 1775.65

Our Preference: Short sell Gold below 1769 with strict stop loss of 1775.65 and profit target at 1754 with extension towards 1749. 

Alternate Scenario: Upward penetration of 1775.65 will call for 1781 and 1784.

NOTE: Gold is moving in a bearish price channel after bearish breakout of its rising wedge.

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

TickerBidAskHighLow
Copper4.69954.7037 4.7445 4.6153
USOil58.46358.487 59.877 57.718
UKOil61.48161.521 62.746 60.651
NGAS3.6433.652 3.6791 3.4136
WHEATF543.06543.42 547.19 530.2
XAUUSD3239.273239.57 3269.71 3222.76
XAGUSD31.9532.08 32.742 31.918


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