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 | 6.665 | 6.6692 | 6.6989 | 6.5252 |
| USOil | 93.448 | 93.482 | 93.417 | 90.138 |
| UKOil | 95.88 | 95.94 | 96.074 | 92.805 |
| NGAS | 3.1581 | 3.1701 | 3.2341 | 3.0935 |
| WHEATF | 602.08 | 603.18 | 610.44 | 598.94 |
| XAUUSD | 4486.98 | 4487.28 | 4541.66 | 4463.03 |
| XAGUSD | 74.955 | 75.284 | 77.178 | 74.326 |