Gold Intra-day Analysis 16th Feb. 2021
Under Pressure
Our Pivot: 1832
Our Preference: Short sell Gold below 1826 with strict stop loss of 1832 and profit target at 1815 with extension towards 1812.
Alternate Scenario: Upward penetration of 1832 will call for 1836 and 1841.
NOTE: Gold is moving in a bearish price channel after bearish breakout of its ascending trend line.
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 | 6.0837 | 6.0879 | 5.78 | 5.7294 |
| USOil | 85.203 | 85.227 | 102.661 | 95.243 |
| UKOil | 91.089 | 91.129 | 99.525 | 94.205 |
| NGAS | 2.67 | 2.679 | 2.718 | 2.6484 |
| WHEATF | 597.83 | 598.19 | 587.44 | 576.57 |
| XAUUSD | 4835.36 | 4836.26 | 4801.82 | 4760.6 |
| XAGUSD | 80.601 | 81.021 | 83.229 | 77.595 |