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:

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

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