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 | 6.7969 | 6.8011 | 6.8119 | 6.6997 |
| USOil | 93.663 | 93.697 | 94.736 | 92.108 |
| UKOil | 98.319 | 98.379 | 99.481 | 96.744 |
| NGAS | 2.9704 | 2.9824 | 2.9986 | 2.9355 |
| WHEATF | 751.33 | 752.43 | 763.44 | 732.09 |
| XAUUSD | 4404.24 | 4404.54 | 4443.19 | 4387.86 |
| XAGUSD | 65.981 | 66.303 | 67.34 | 65.532 |