Gold Intra-day Analysis 1st Mar. 2021

Turning Down

Our Pivot: 1763.65

Our Preference: Short Sell Gold below 1755 with strict stop loss of 1763.65 and profit target at 1741 with extension towards 1730.

Alternate Scenario: Upward penetration of 1763.65 will call for 1768 and 1773.

NOTE: Gold is being capped by a strong horizontal resistant region at its 505 correction level.

Chart with supports & resistances:

Level	1st	2nd	3rd
Supports	0.00	0.00	0.00
Resistances	0.00	0.00	0.00

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