Gold Intra-day Analysis 5th Mar. 2021
Rebound Insight
Our Pivot: 1680
Our Preference: Buy Gold above 1692.00 with strict stop loss of 1680 and profit target at 1705 with extension towards 1714 and 1722.
Alternate Scenario: Downward penetration of 1680 will call for 1675 and 1664.
NOTE: Gold is being caged in a descending wedge and chances of a bullish breakout of this wedge are widening.
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 | 6.3388 | 6.343 | 6.3511 | 6.3285 |
| USOil | 81.727 | 81.761 | 83.296 | 79.087 |
| UKOil | 86.639 | 86.699 | 88.114 | 82.494 |
| NGAS | 2.691 | 2.703 | 2.706 | 2.6719 |
| WHEATF | 669.96 | 671.06 | 666.19 | 650.08 |
| XAUUSD | 4026.54 | 4026.84 | 4029.91 | 4013.5 |
| XAGUSD | 57.103 | 57.425 | 57.518 | 56.695 |