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 | 6.799 | 6.8032 | 6.8209 | 6.6997 |
| USOil | 94.059 | 94.093 | 94.736 | 92.108 |
| UKOil | 98.72 | 98.78 | 99.481 | 96.744 |
| NGAS | 2.9565 | 2.9685 | 2.9986 | 2.9355 |
| WHEATF | 752.96 | 754.06 | 763.44 | 732.09 |
| XAUUSD | 4394.46 | 4394.76 | 4443.19 | 4387.86 |
| XAGUSD | 65.763 | 66.084 | 67.34 | 65.532 |