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 | 4.6472 | 4.6514 | 4.7391 | 4.6261 |
| USOil | 63.409 | 63.443 | 63.693 | 62.738 |
| UKOil | 66.296 | 66.356 | 66.626 | 65.694 |
| NGAS | 3.5294 | 3.5414 | 3.63 | 3.4749 |
| WHEATF | 523.82 | 524.92 | 525.31 | 510.33 |
| XAUUSD | 3183.39 | 3183.69 | 3257.28 | 3174.92 |
| XAGUSD | 32.222 | 32.259 | 32.997 | 32.108 |