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 | 4.644 | 4.6482 | 4.7391 | 4.6261 |
| USOil | 63.384 | 63.418 | 63.693 | 62.738 |
| UKOil | 66.295 | 66.355 | 66.626 | 65.694 |
| NGAS | 3.4894 | 3.5014 | 3.63 | 3.4749 |
| WHEATF | 523.21 | 524.31 | 525.31 | 510.33 |
| XAUUSD | 3186.89 | 3187.19 | 3257.28 | 3173.81 |
| XAGUSD | 32.245 | 32.282 | 32.997 | 32.108 |