Gold (XAUUSD) Intra-day Analysis 5th Mar. 2021
Further Advance
Our Pivot: 1691
Our Preference: Buy XAUUSD above 1702 with strict stop loss of 1691 and profit target at 1723 with extension towards 1732.
Alternate Scenario: Downward penetration of 1691 will call for 1681 and 1677.
NOTE: XAUUSD have penetrated its descending wedge in upward direction so now a bullish spike could be witnessed.
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 | 5.1045 | 5.1087 | 5.2354 | 5.0409 |
| USOil | 60.487 | 60.521 | 60.732 | 59.622 |
| UKOil | 64.894 | 64.954 | 65.171 | 64.035 |
| NGAS | 3.9666 | 3.9786 | 3.9496 | 3.7804 |
| WHEATF | 523.83 | 524.93 | 535.94 | 519.82 |
| XAUUSD | 4016.4 | 4016.8 | 4015.15 | 3915.09 |
| XAGUSD | 48.796 | 48.994 | 48.999 | 47.165 |