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 | 4.8679 | 4.8721 | 4.8844 | 4.8077 |
| USOil | 62.897 | 62.931 | 63.018 | 62.092 |
| UKOil | 66.669 | 66.729 | 66.846 | 65.926 |
| NGAS | 2.9774 | 2.9894 | 3.0176 | 2.9579 |
| WHEATF | 543.09 | 544.19 | 545.68 | 539.09 |
| XAUUSD | 3329.12 | 3329.42 | 3367.52 | 3288.59 |
| XAGUSD | 33.37 | 33.406 | 33.702 | 33.236 |