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 | 6.1253 | 6.1295 | 6.223 | 6.0609 |
| USOil | 74.477 | 74.511 | 76.093 | 71.729 |
| UKOil | 79.035 | 79.095 | 80.616 | 75.434 |
| NGAS | 3.217 | 3.229 | 3.3601 | 3.2115 |
| WHEATF | 605.7 | 606.8 | 627.43 | 610.07 |
| XAUUSD | 4079.01 | 4079.31 | 4134.2 | 4021.59 |
| XAGUSD | 58.202 | 58.528 | 61.188 | 57.063 |