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 | 4.5792 | 4.5834 | 4.5955 | 4.5346 |
| USOil | 63.954 | 63.988 | 64.568 | 63.869 |
| UKOil | 67.404 | 67.464 | 68.301 | 67.274 |
| NGAS | 3.0035 | 3.0155 | 3.0215 | 2.9155 |
| WHEATF | 533.09 | 534.19 | 535.06 | 526.57 |
| XAUUSD | 3443.06 | 3443.36 | 3450.39 | 3404.17 |
| XAGUSD | 39.717 | 39.759 | 39.986 | 38.713 |