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 | 5.0666 | 5.0708 | 5.0881 | 4.9134 |
| USOil | 65.239 | 65.273 | 65.578 | 64.643 |
| UKOil | 67.906 | 67.966 | 68.344 | 67.349 |
| NGAS | 3.5455 | 3.5575 | 3.6009 | 3.516 |
| WHEATF | 541.08 | 542.18 | 548.43 | 540.7 |
| XAUUSD | 3336.18 | 3336.48 | 3350.5 | 3329.19 |
| XAGUSD | 36.637 | 36.67 | 36.854 | 36.218 |