Gold Intra-day Analysis 4th Mar. 2021
Downside Prevails
Our Pivot: 1726
Our Preference: Short sell Gold below 1718.50 with strict stop loss of 1726 and profit target at 1700 with extension towards 1692.
Alternate Scenario: Upward penetration of 1726 will call for 1745 and 1754.
NOTE: Gold is being capped by resistant trend line 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 | 5.1047 | 5.1089 | 5.2354 | 5.0409 |
| USOil | 60.612 | 60.646 | 60.732 | 59.622 |
| UKOil | 65.02 | 65.08 | 65.171 | 64.035 |
| NGAS | 3.9554 | 3.9674 | 3.9496 | 3.7804 |
| WHEATF | 523.83 | 524.93 | 535.94 | 519.82 |
| XAUUSD | 4010.1 | 4010.5 | 4015.15 | 3915.09 |
| XAGUSD | 48.7 | 48.898 | 48.999 | 47.165 |