Gold Intra-day Analysis 5th Mar. 2021
Rebound Insight
Our Pivot: 1680
Our Preference: Buy Gold above 1692.00 with strict stop loss of 1680 and profit target at 1705 with extension towards 1714 and 1722.
Alternate Scenario: Downward penetration of 1680 will call for 1675 and 1664.
NOTE: Gold is being caged in a descending wedge and chances of a bullish breakout of this wedge are widening.
Chart with supports & resistances:
RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3
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 | 4968.27 | 4969.17 | 4989.18 | 4960.53 |
| XAGUSD | 76.799 | 77.161 | 77.895 | 76.628 |