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 | 6.5404 | 6.5446 | 6.6197 | 6.5111 |
| USOil | 85.617 | 85.651 | 85.721 | 84.602 |
| UKOil | 91.414 | 91.474 | 91.865 | 90.591 |
| NGAS | 2.7205 | 2.7325 | 2.7335 | 2.6864 |
| WHEATF | 690.33 | 691.43 | 696.56 | 674.83 |
| XAUUSD | 4388.87 | 4389.17 | 4436.39 | 4386.05 |
| XAGUSD | 64.704 | 65.026 | 66.725 | 64.594 |