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 | 5.7731 | 5.7773 | 5.7874 | 5.7708 |
| USOil | 65.134 | 65.168 | 65.436 | 64.924 |
| UKOil | 70.206 | 70.246 | 70.255 | 67.344 |
| NGAS | 3.055 | 3.067 | 3.07 | 3.0135 |
| WHEATF | 553.58 | 553.94 | 553.17 | 541.13 |
| XAUUSD | 4968.3 | 4969.2 | 4989.18 | 4960.53 |
| XAGUSD | 76.801 | 77.162 | 77.895 | 76.628 |