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 | 6.336 | 6.3402 | 6.3511 | 6.3285 |
| USOil | 81.754 | 81.788 | 83.296 | 79.087 |
| UKOil | 86.645 | 86.705 | 88.114 | 82.494 |
| NGAS | 2.6905 | 2.7025 | 2.706 | 2.6719 |
| WHEATF | 669.07 | 670.17 | 666.19 | 650.08 |
| XAUUSD | 4023.28 | 4023.58 | 4029.91 | 4013.5 |
| XAGUSD | 57.026 | 57.347 | 57.518 | 56.695 |