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 | 4.6587 | 4.6629 | 4.7391 | 4.6261 |
| USOil | 63.234 | 63.268 | 63.693 | 62.738 |
| UKOil | 66.115 | 66.175 | 66.626 | 65.694 |
| NGAS | 3.5446 | 3.5566 | 3.63 | 3.4749 |
| WHEATF | 523.83 | 524.93 | 525.19 | 510.33 |
| XAUUSD | 3179.86 | 3180.16 | 3257.28 | 3174.92 |
| XAGUSD | 32.261 | 32.299 | 32.997 | 32.108 |