Gold (GC) Intra-day Analysis 3rd May 2021
Further Advance
Our Pivot: 1765
Our Preference: Buy Gold above 1771 with strict stop loss of 1765 and profit target at 1780 with extension towards 1783.
Alternate Scenario: Downward penetration of 1765 will call for 1761 and 1757.
NOTE: Gold is moving upward after bullish breakout 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 | 5.7731 | 5.7773 | 5.7874 | 5.7708 |
| USOil | 65.124 | 65.158 | 65.436 | 64.924 |
| UKOil | 70.206 | 70.246 | 70.255 | 67.344 |
| NGAS | 3.0554 | 3.0674 | 3.07 | 3.0135 |
| WHEATF | 553.58 | 553.94 | 553.17 | 541.13 |
| XAUUSD | 4968.08 | 4968.98 | 4989.18 | 4960.53 |
| XAGUSD | 76.792 | 77.153 | 77.895 | 76.628 |