Gold (GC) Intra-day Analysis 3rd May 2021
Further Advance
Our Pivot: 1765
Our Preference: Buy Gold above 1771 with strict stop loss of 1765 and profit target at 1780 with extension towards 1783.
Alternate Scenario: Downward penetration of 1765 will call for 1761 and 1757.
NOTE: Gold is moving upward after bullish breakout of its descending 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 | 5.067 | 5.0712 | 5.0881 | 4.9134 |
| USOil | 65.222 | 65.256 | 65.578 | 64.643 |
| UKOil | 67.889 | 67.949 | 68.344 | 67.349 |
| NGAS | 3.5491 | 3.5611 | 3.6009 | 3.516 |
| WHEATF | 541.2 | 542.3 | 548.43 | 540.7 |
| XAUUSD | 3337.05 | 3337.35 | 3350.5 | 3329.19 |
| XAGUSD | 36.648 | 36.679 | 36.854 | 36.218 |