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 | 6.6015 | 6.6057 | 6.6097 | 6.5557 |
| USOil | 100.904 | 100.968 | 101.778 | 100.558 |
| UKOil | 108.201 | 108.261 | 109.871 | 107.73 |
| NGAS | 3.0725 | 3.0845 | 3.1284 | 3.0259 |
| WHEATF | 664.19 | 665.29 | 665.44 | 656.83 |
| XAUUSD | 4172.07 | 4172.37 | 4187.82 | 4163 |
| XAGUSD | 57.261 | 57.577 | 57.67 | 56.715 |