Gold Intra-day Analysis 1st Mar. 2021
Turning Down
Our Pivot: 1763.65
Our Preference: Short Sell Gold below 1755 with strict stop loss of 1763.65 and profit target at 1741 with extension towards 1730.
Alternate Scenario: Upward penetration of 1763.65 will call for 1768 and 1773.
NOTE: Gold is being capped by a strong horizontal resistant region at its 505 correction level.
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 | 4.9295 | 4.9337 | 5.0629 | 4.8779 |
| USOil | 63.242 | 63.276 | 63.993 | 62.494 |
| UKOil | 65.225 | 65.285 | 65.876 | 64.596 |
| NGAS | 3.7176 | 3.7296 | 3.7964 | 3.6159 |
| WHEATF | 545.44 | 546.54 | 549.69 | 540.07 |
| XAUUSD | 3351.92 | 3352.22 | 3403.56 | 3339.35 |
| XAGUSD | 35.636 | 35.669 | 36.088 | 34.417 |