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 | 6.6642 | 6.6684 | 6.6989 | 6.5252 |
| USOil | 93.442 | 93.476 | 93.417 | 90.138 |
| UKOil | 95.88 | 95.94 | 96.074 | 92.805 |
| NGAS | 3.1576 | 3.1696 | 3.2341 | 3.0935 |
| WHEATF | 602.08 | 603.18 | 610.44 | 598.94 |
| XAUUSD | 4487.41 | 4487.71 | 4541.66 | 4463.03 |
| XAGUSD | 74.974 | 75.302 | 77.178 | 74.326 |