Gold (GC) Intra-day Analysis 5th Mar. 2021
Further Advance
Our Pivot: 1687
Our Preference: Buy Gold above 1698 with strict stop loss of 1687 and profit target at 1721 with extension towards 1728.
Alternate Scenario: Downward penetration of 1687 will call for 1675 and 1664.
NOTE: Gold have penetrated its descending wedge in upward direction so now a bullish spike could be witnessed.
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 | 6.3374 | 6.3416 | 6.3511 | 6.3285 |
| USOil | 81.744 | 81.778 | 83.296 | 79.087 |
| UKOil | 86.625 | 86.705 | 88.114 | 82.494 |
| NGAS | 2.6916 | 2.7036 | 2.706 | 2.6719 |
| WHEATF | 669.34 | 670.44 | 666.19 | 650.08 |
| XAUUSD | 4023.72 | 4024.02 | 4029.91 | 4013.5 |
| XAGUSD | 57.061 | 57.382 | 57.518 | 56.695 |