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 | 6.3387 | 6.3429 | 6.3511 | 6.3285 |
| USOil | 81.754 | 81.788 | 83.296 | 79.087 |
| UKOil | 86.655 | 86.715 | 88.114 | 82.494 |
| NGAS | 2.691 | 2.703 | 2.706 | 2.6719 |
| WHEATF | 669.69 | 670.79 | 666.19 | 650.08 |
| XAUUSD | 4026.41 | 4026.71 | 4029.91 | 4013.5 |
| XAGUSD | 57.097 | 57.419 | 57.518 | 56.695 |