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
Supports0.000.000.00
Resistances0.000.000.00

Commodities Live Prices

TickerBidAskHighLow
Copper4.93064.9348 5.0629 4.8779
USOil63.27463.308 63.993 62.494
UKOil65.24465.304 65.876 64.596
NGAS3.72813.7401 3.7964 3.6159
WHEATF545.58546.68 549.69 540.07
XAUUSD3349.633349.93 3403.56 3339.35
XAGUSD35.60135.636 36.088 34.417


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