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:

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

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