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 | Supports | 0.00 | 0.00 | 0.00 | Resistances | 0.00 | 0.00 | 0.00 |
|---|
Commodities Live Prices
| Ticker | Bid | Ask | High | Low |
|---|---|---|---|---|
| Copper | 6.7343 | 6.7385 | 6.7788 | 6.7292 |
| USOil | 93.332 | 93.366 | 93.778 | 92.492 |
| UKOil | 104.469 | 104.509 | 107.055 | 103.084 |
| NGAS | 3.1106 | 3.1226 | 3.2444 | 3.0984 |
| WHEATF | 703.34 | 704.44 | 707.38 | 683.07 |
| XAUUSD | 4260.13 | 4260.43 | 4285.06 | 4257.47 |
| XAGUSD | 63.569 | 63.893 | 64.46 | 63.519 |