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 | 6.7036 | 6.7078 | 6.7435 | 6.6866 |
| USOil | 86.707 | 86.741 | 87.098 | 86.132 |
| UKOil | 91.315 | 91.375 | 91.611 | 90.694 |
| NGAS | 2.9339 | 2.9459 | 2.9491 | 2.9085 |
| WHEATF | 772.94 | 774.04 | 780.18 | 766.69 |
| XAUUSD | 4432.95 | 4433.25 | 4461.7 | 4424.65 |
| XAGUSD | 66.472 | 66.794 | 67.238 | 65.929 |