Gold Intra-day Analysis 1st Mar. 2021
Turning Down
Our Pivot: 1763.65
Our Preference: Short Sell Gold below 1755 with strict stop loss of 1763.65 and profit target at 1741 with extension towards 1730.
Alternate Scenario: Upward penetration of 1763.65 will call for 1768 and 1773.
NOTE: Gold is being capped by a strong horizontal resistant region at its 505 correction level.
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 | 5.0523 | 5.0565 | 5.0881 | 4.9134 |
| USOil | 64.983 | 65.017 | 65.578 | 64.643 |
| UKOil | 67.681 | 67.741 | 68.344 | 67.349 |
| NGAS | 3.5314 | 3.5434 | 3.6009 | 3.516 |
| WHEATF | 540.82 | 541.92 | 548.43 | 540.57 |
| XAUUSD | 3333.51 | 3333.81 | 3350.5 | 3329.19 |
| XAGUSD | 36.532 | 36.562 | 36.854 | 36.218 |