Gold (XAUUSD) Intra-day Analysis 22nd Mar. 2021
Under Pressure
Our Pivot: 1739.70
Our Preference: Short sell Gold below 1734.50 with strict stop loss of 1739.70 and profit target at 1725 with extension towards 1721.
Alternate Scenario: Upward penetration of 1739.70 will call for 1745 and 1751.
NOTE: XAUUSD is trying to penetrate below supportive trend line of its bullish price channel.
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
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