Gold Intra-day Analysis 4th Mar. 2021
Downside Prevails
Our Pivot: 1726
Our Preference: Short sell Gold below 1718.50 with strict stop loss of 1726 and profit target at 1700 with extension towards 1692.
Alternate Scenario: Upward penetration of 1726 will call for 1745 and 1754.
NOTE: Gold is being capped by resistant trend line of its descending wedge.
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 | 4.1423 | 4.1465 | 4.1679 | 4.1373 |
| USOil | 69.492 | 69.526 | 69.733 | 68.847 |
| UKOil | 73.504 | 73.564 | 73.761 | 72.885 |
| NGAS | 3.347 | 3.359 | 3.3726 | 3.1884 |
| WHEATF | 576.19 | 577.29 | 577.56 | 570.57 |
| XAUUSD | 2670.43 | 2670.78 | 2671.93 | 2648.73 |
| XAGUSD | 31.14 | 31.173 | 31.327 | 30.809 |