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 | 6.5795 | 6.5837 | 6.5852 | 6.5557 |
| USOil | 100.558 | 100.592 | 101.778 | 100.558 |
| UKOil | 109.811 | 109.871 | 110.026 | 104.884 |
| NGAS | 3.0439 | 3.0559 | 3.1284 | 3.0259 |
| WHEATF | 657.2 | 658.3 | 670.81 | 655.82 |
| XAUUSD | 4185.77 | 4186.07 | 4186.22 | 4163 |
| XAGUSD | 57.22 | 57.546 | 57.616 | 56.715 |