Gold (GC) Intra-day Analysis 5th May 2021
Under Pressure
Our Pivot: 1785.50
Our Preference: Short sell Gold below 1782 with strict stop loss of 1785.50 and profit target at 1775 with extension towards 1771.
Alternate Scenario: Upward penetration of 1785.50 will call for 1791 and 1795.
NOTE: Gold is in corrective mode of its last bearish rally.
Chart with supports & resistances:
RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3
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 | 6.6159 | 6.6201 | 6.7788 | 6.5934 |
| USOil | 93.433 | 93.497 | 96.553 | 91.992 |
| UKOil | 106.1 | 106.14 | 108.841 | 104.395 |
| NGAS | 3.1425 | 3.1545 | 3.2444 | 3.0899 |
| WHEATF | 686.84 | 687.94 | 704.44 | 682.57 |
| XAUUSD | 4118 | 4118.3 | 4285.06 | 4110.8 |
| XAGUSD | 60.522 | 60.863 | 64.46 | 60.455 |