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 | 6.1253 | 6.1295 | 6.223 | 6.0609 |
| USOil | 74.469 | 74.503 | 76.093 | 71.729 |
| UKOil | 79.015 | 79.075 | 80.616 | 75.434 |
| NGAS | 3.217 | 3.229 | 3.3601 | 3.2115 |
| WHEATF | 605.7 | 606.8 | 627.43 | 610.07 |
| XAUUSD | 4079.45 | 4079.75 | 4134.2 | 4021.59 |
| XAGUSD | 58.21 | 58.534 | 61.188 | 57.063 |