Gold Intra-day Analysis 4th Mar. 2021
Downside Prevails
Our Pivot: 1726
Our Preference: Short sell Gold below 1718.50 with strict stop loss of 1726 and profit target at 1700 with extension towards 1692.
Alternate Scenario: Upward penetration of 1726 will call for 1745 and 1754.
NOTE: Gold is being capped by resistant trend line 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 | 5.0547 | 5.0589 | 5.0881 | 4.9134 |
| USOil | 65.313 | 65.347 | 65.578 | 64.643 |
| UKOil | 67.99 | 68.05 | 68.344 | 67.349 |
| NGAS | 3.5424 | 3.5544 | 3.6009 | 3.516 |
| WHEATF | 541.08 | 542.18 | 548.43 | 540.7 |
| XAUUSD | 3338.5 | 3338.8 | 3350.5 | 3329.19 |
| XAGUSD | 36.592 | 36.627 | 36.854 | 36.218 |