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 | 4.9306 | 4.9348 | 5.0629 | 4.8779 |
| USOil | 63.274 | 63.308 | 63.993 | 62.494 |
| UKOil | 65.244 | 65.304 | 65.876 | 64.596 |
| NGAS | 3.7281 | 3.7401 | 3.7964 | 3.6159 |
| WHEATF | 545.58 | 546.68 | 549.69 | 540.07 |
| XAUUSD | 3349.63 | 3349.93 | 3403.56 | 3339.35 |
| XAGUSD | 35.601 | 35.636 | 36.088 | 34.417 |